Magellan Midstream Partners (MMP) Raises Quarterly Dividend 3% to $0.7625; Yields 4.6%

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Go back to Magellan Midstream Partners (MMP) Raises Quarterly Dividend 3% to $0.7625; Yields 4.6%

Magellan Midstream Increases Quarterly Cash Distribution to 76.25 Cents

October 22, 2015 9:42 AM EDT

TULSA, Okla., Oct. 22, 2015 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 76.25 cents per unit for the period July 1 through Sept. 30, 2015, representing the 54th distribution increase since its initial public offering in 2001.

The third-quarter 2015 distribution is 14% higher than the third-quarter 2014 distribution of 66.75 cents per unit and represents a 3% increase over the second-quarter 2015 distribution of 74 cents.... More