Magellan Midstream Partners (MMP) Raises Quarterly Dividend 1.9% to $0.9375; 5.7% Yield

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Go back to Magellan Midstream Partners (MMP) Raises Quarterly Dividend 1.9% to $0.9375; 5.7% Yield

Magellan Midstream Increases Quarterly Cash Distribution to 93.75 Cents

April 26, 2018 10:26 AM EDT

TULSA, Okla., April 26, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 93.75 cents per unit for the period Jan. 1 through March 31, 2018, representing the 64th distribution increase since its initial public offering in 2001.

The first-quarter 2018 distribution is 7% higher than the first-quarter 2017 distribution of 87.25 cents per unit and represents a 2% increase over the fourth-quarter 2017 distribution of 92 cents. Magellan remains committed to its stated goal of increasing annual... More