Magellan Midstream Partners (MMP) Raises Quarterly Dividend 7.6% to $0.92; 4.9% Yield
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Magellan Midstream Increases Quarterly Cash Distribution to 92 Cents
January 23, 2018 4:15 PM ESTTULSA, Okla., Jan. 23, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 92 cents per unit for the period Oct. 1 through Dec. 31, 2017, representing the 63rd distribution increase since its initial public offering in 2001.
The fourth-quarter 2017 distribution is 8% higher than the fourth-quarter 2016 distribution of 85.5 cents per unit and represents a 2% increase over the third-quarter 2017 distribution of 90.5 cents. For the year, Magellan declared distributions of $3.5875 per unit for... More

