This 11.5%-Yielding Energy Stock Plans to Keep Its Dividend Intact
Oil and refined products master limited partnership Magellan Midstream Partners (NYSE: MMP) has experienced some effects from this year's downturn in the oil market. However, unlike many of its peers, the energy company hasn't reduced its high-yielding distribution. That's because it entered this period of turbulence in a position of strength. Combine that with the overall durability of its cash flow -- which was on display during the third quarter -- and the MLP believes it can continue maintaining its outsized dividend.
Metric
Q3 2020
Source Fool.com
