Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.1% to $0.9575; 5.4% Yield

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Go back to Magellan Midstream Partners (MMP) Raises Quarterly Dividend 2.1% to $0.9575; 5.4% Yield

Magellan Midstream Increases Quarterly Cash Distribution to 95.75 Cents

July 26, 2018 10:10 AM EDT

TULSA, Okla., July 26, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 95.75 cents per unit for the period April 1 through June 30, 2018, representing the 65th distribution increase since its initial public offering in 2001.

The second-quarter 2018 distribution is approximately 8% higher than the second-quarter 2017 distribution of 89 cents per unit and represents a 2% increase over the first-quarter 2018 distribution of 93.75 cents.

The new... More