Magellan Midstream Increases Quarterly Cash Distribution to $1.0125
"TULSA, Okla., July 25, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. ( MMP) has increased the partnership's quarterly cash distribution to $1.0125 per unit for the period April 1 through June 30, 2019, representing the 69th distribution increase since its initial public offering in 2001." style="margin: 0px 0px 1em; font-family: Georgia, "Times New Roman", serif; font-size: 18px; background-color: rgb(255, 255, 255);">TULSA, Okla., July 25, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. ( MMP) has increased the partnership's quarterly cash distribution to $1.0125 per unit for the period April 1 through June 30, 2019, representing the 69th distribution increase since its initial public offering in 2001.
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The second-quarter 2019 distribution is approximately 6% higher than the second-quarter 2018 distribution of 95.75 centsper unit and represents an approximate 1% increase over the first-quarter 2019 distribution of $1.005.
The new distribution, which equates to $4.05 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 7. |
