Magellan Midstream Partners (MMP) Raises Quarterly Dividend 3% to $0.785; 5% Yield
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Magellan Midstream Increases Quarterly Cash Distribution to 78.5 Cents
January 26, 2016 4:16 PM ESTTULSA, 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
