Magellan Midstream Partners (MMP) Raises Quarterly Dividend 3.2% to $0.7175; 3.5% Yield

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Go back to Magellan Midstream Partners (MMP) Raises Quarterly Dividend 3.2% to $0.7175; 3.5% Yield

Magellan Midstream Increases Quarterly Cash Distribution to 71.75 Cents

April 23, 2015 9:26 AM EDT

TULSA, Okla., April 23, 2015 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 71.75 cents per unit for the period Jan. 1 through March 31, 2015, representing the 52nd distribution increase since its initial public offering in 2001.

The first-quarter 2015 distribution is 17% higher than the first-quarter 2014 distribution of 61.25 cents per unit and represents a 3% increase over the fourth-quarter 2014 distribution of 69.5 cents.... More