Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.2% to $0.8025; 4.6% Yield

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Go back to Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.2% to $0.8025; 4.6% Yield

Magellan Midstream Increases Quarterly Cash Distribution to 80.25 Cents

April 21, 2016 9:38 AM EDT

TULSA, Okla., April 21, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 80.25 cents per unit for the period Jan. 1 through March 31, 2016, representing the 56th distribution increase since its initial public offering in 2001.

The first-quarter 2016 distribution is 12% higher than the first-quarter 2015 distribution of 71.75 cents per unit and represents a 2% increase over the fourth-quarter 2015 distribution of 78.5 cents.... More