Magellan Midstream Partners (MMP) Raises Quarterly Dividend 3% to $0.785; 5% Yield

Magellan Midstream Partners (NYSE: MMP) declared a quarterly dividend of $0.785 per share, or $3.14 annualized. This is a 3% increase from the prior dividend of $0.7625.

The dividend will be payable on February 12, 2016, to stockholders of record on February 5, 2016, with an ex-dividend date of February 3, 2016.

The annual yield on the dividend is 5 percent.

For a dividend history and other dividend-related data on Magellan Midstream Partners (MMP) click here.

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