MLPs or Master Limited Partnerships make for interesting investing dilemmas right now.
On one hand, the dividend yields on popular MLPs such as Magellan Midstream Partners, L.P. (MMP) at 4.5% are a lot more lucrative than Treasury yields. The rate on the 10 year at 1.44% is paltry in comparison to this MLP. On the other hand, the yields for most MLPs are at multi year lows from surging stock prices.
Magellan Midstream Partners is a publicly traded partnership that primarily transports, stores and distributes petroleum products. The partnership owns the longest petroleum products pipeline system in the country, with access to more than 40% of the nation's refining capacity, and can store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.
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