Magellan Midstream (MMP) Approves Two-for-One Unit Split
Tweet Send to a FriendGet Alerts MMP Hot Sheet
Price: $53.70 -0.44%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.9%
EPS Growth %: -45.7%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.9%
EPS Growth %: -45.7%
Trade MMP Now!
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that its board of directors has approved a two-for-one split of the partnership's limited partner units. Holders of record at the close of business on Sept. 28, 2012 will receive one additional limited partner unit for each unit owned on that date. The units will be distributed on Oct. 12, 2012.
Following the two-for-one split, the current annual cash distribution of $3.77 per unit will become $1.885 per unit, or 47.125 cents per unit on a quarterly basis, and 226.2 million limited partner units will be outstanding.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Following the two-for-one split, the current annual cash distribution of $3.77 per unit will become $1.885 per unit, or 47.125 cents per unit on a quarterly basis, and 226.2 million limited partner units will be outstanding.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Magellan Midstream to Present at 2013 Master Limited Partnership Investor Conference
- National Bank of Greece SA (NBG) to Sell 2.27B Shares, 10-for-1 Reverse Split
- OneBeacon Insurance Group (OB) Declares $0.21 Quarterly Dividend; 6% Yield
Create E-mail Alert Related Categories
Stock Splits
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
