Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.1% to $0.8375; 4.7% Yield

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Go back to Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.1% to $0.8375; 4.7% Yield

Magellan Midstream Increases Quarterly Cash Distribution to 83.75 Cents

October 20, 2016 9:40 AM EDT

TULSA, Okla., Oct. 20, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 83.75 cents per unit for the period July 1 through Sept. 30, 2016, representing the 58th distribution increase since its initial public offering in 2001.

The third-quarter 2016 distribution is 10% higher than the third-quarter 2015 distribution of 76.25 cents per unit and represents a 2% increase over the second-quarter 2016 distribution of 82... More