Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.1% to $0.855; 4.4% Yield
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Magellan Midstream Increases Quarterly Cash Distribution to 85.5 Cents
January 24, 2017 4:30 PM ESTTULSA, Okla., Jan. 24, 2017 /PRNewswire/ --Â The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 85.5 cents per unit for the period Oct. 1 through Dec. 31, 2016, representing the 59th distribution increase since its initial public offering in 2001.
The fourth-quarter 2016 distribution is 9% higher than the fourth-quarter 2015 distribution of 78.5 cents per unit and represents a 2% increase over the third-quarter 2016 distribution of 83.75 cents. For the year, Magellan declared distributions of... More
