Magellan Midstream MMP has outperformed the market over the past 20 years by 1.31% on an annualized basis producing an average annual return of 9.28%. Currently, Magellan Midstream has a market capitalization of $10.81 billion.
Buying $100 In MMP: If an investor had bought $100 of MMP stock 20 years ago, it would be worth $595.54 today based on a price of $52.77 for MMP at the time of writing.
Magellan Midstream’s Performance Over Last 20 Years
Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.