Magellan Midstream Partners (MMP) Raises Quarterly Distribution 2.9% to $0.485; 4.4% Yield

Magellan Midstream Partners L.P. (NYSE: MMP) declared a quarterly distribution of $0.485 per share, or $1.94 annualized. This is a 2.9% increase from the prior distribution of $0.47125.

The distribution will be payable on November 14, 2012, to stockholders of record on November 6, 2012, with an ex-distribution date of November 2, 2012.

The annual yield on the distribution is 4.4 percent.

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

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