Dividend Achievers List Ranked By Yield: Top 10

1. Magellan Midstream Partners, L.P. (NYSE:MMP)

Dividend Yield as of December 19: 8.30%

Magellan Midstream Partners, L.P. (NYSE:MMP) is an Oklahoma-based partnership that specializes in ammonia and petroleum pipelines in the Mid-continent oil province. In Q3 2022, the company reported strong cash generation. Its free cash flow came in at $273 million, up from $252 million in the same period last year.

Magellan Midstream Partners, L.P. (NYSE:MMP) offers a quarterly dividend of $1.0475 per share, having raised it by 1% in October this year. This was the company’s 22nd consecutive year of dividend growth. As of December 19, the stock has a dividend yield of 8.30%.

At the end of Q3 2022, 10 hedge funds tracked by Insider Monkey owned stakes in Magellan Midstream Partners, L.P. (NYSE:MMP), up from 9 in the previous quarter. The collective value of these stakes is over $20.2 million. With 1.6 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q3.

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