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Shell Midstream increases quarterly distribution

Shell Midstream Partners LP declared a cash distribution of 27.7 cents per limited partner unit for the fourth quarter of 2016, a 5% increase from the previous quarter.

The distribution represents a 26% increase compared to the same quarter in 2015, according to a Jan. 19 news release. It will be payable Feb. 14 to unit holders of record Jan. 31.