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

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/27/2026

1. ORCL
2. AVGO
3. CDNS
4. ANT
5. BA
6. SPY
7. META
8. HOOD
9. INTC
10. JBLU

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

Magellan Midstream Increases Quarterly Cash Distribution to 78.5 Cents

January 26, 2016 4:16 PM EST

TULSA, Okla., Jan. 26, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 78.5 cents per unit for the period Oct. 1 through Dec. 31, 2015, representing the 55th distribution increase since its initial public offering in 2001.

The fourth-quarter 2015 distribution is 13% higher than the fourth-quarter 2014 distribution of 69.5 cents per unit and represents a 3% increase over the third-quarter 2015 distribution of 76.25 cents. For the year, Magellan declared distributions of... More