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.

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Q3 2020

Source Fool.com