Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
Magellan Midstream Partners (NYSE:MMP) has long operated in a conservative manner, prioritizing its ability to distribute cash to its unitholders. That hasn t changed, but the pandemic s impact on the energy sector has upended the model here, with the shift toward clean energy alternatives increasingly complicating this master limited partnership s (or MLP s) life. Here s why investors shouldn t take Magellan s distribution, which yields 8.5%, for granted.
The last time?
Magellan last increased its distribution in the fourth quarter of 2019, offering a roughly-3% year-over-year increase. Not huge, but in line with the long-term historical growth rate of inflation. The master limited partnership has a long history of being conservative, so there was no particular reason to worry here. And then the worldwide efforts to slow the spread of
/PRNewswire/ Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a.
Biden Wants To Take On The Fossil-Fuel Industry. Dozens Of His Officials Are Invested In It
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President Joe Biden speaks during a climate change virtual summit from the East Room of the White House on April 22, 2021, in Washington, D.C.
BRENDAN SMIALOWSKI/AFP via Getty Images
Climate envoy John Kerry, policy advisor Susan Rice and Treasury Secretary Janet Yellen all arrived in Washington with oil-and-gas interests in their portfolios.
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On the campaign trail, Joe Biden tried to distance himself from oil, gas and coal companies, pledging not to accept money from fossil-fuel firms. Dozens of those now serving in his administration, however, were less rigid about separating themselves from energy giants. In fact, at least 74 Biden Administration officials and nominees disclosed interests in the fossil-fuel sector, according to a review of federal disclosures by
Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at April 30, 2021 einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.