Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2% to $0.8725; 4.6% Yield
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Magellan Midstream Increases Quarterly Cash Distribution to 87.25 Cents
April 20, 2017 9:19 AM EDTTULSA, Okla., April 20, 2017 /PRNewswire/ -- The board of directors of the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 87.25 cents per unit for the period Jan. 1 through March 31, 2017, representing the 60th distribution increase since its initial public offering in 2001.
The first-quarter 2017 distribution is 9% higher than the first-quarter 2016 distribution of 80.25 cents per unit and represents a 2% increase over the fourth-quarter 2016... More
