Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.2% to $0.82; 4.4% Yield
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Magellan Midstream Increases Quarterly Cash Distribution to 82 Cents
July 21, 2016 9:49 AM EDTTULSA, Okla., July 21, 2016 /PRNewswire/ --Â The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 82 cents per unit for the period April 1 through June 30, 2016, representing the 57th distribution increase since its initial public offering in 2001.
The second-quarter 2016 distribution is 11% higher than the second-quarter 2015 distribution of 74 cents per unit and represents a 2% increase over the first-quarter 2016 distribution of 80.25 cents.... More
