trending Market Intelligence /marketintelligence/en/news-insights/trending/xv3pgAouGvzzj0qphWT2LA2 content esgSubNav
In This List

Magellan Midstream Partners hikes quarterly distribution

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Insight Weekly: Banks pursue deals; offshore wind transmission; UK broadcasters vs. streamers


Magellan Midstream Partners hikes quarterly distribution

Magellan Midstream Partners LP increased its cash distribution for the fourth quarter of 2019 to $1.0275 per unit, up 0.75 cent, or about 1.0%, from the third-quarter distribution.

The distribution, equivalent to $4.11 per unit on an annualized basis, is 3 cents, or 3%, higher compared with a year earlier, according to a Jan. 21 news release. It is payable Feb. 14 to unit holders of record as of Feb. 7.

Magellan transports and distributes refined petroleum products and crude oil and owns the longest refined petroleum products pipeline system in the U.S.