This morning, Magellan Midstream Partners (NYSE:MMP) increased its quarterly distribution to 80 cents per share, an increase of about 2% over its prior distribution. Based on the current stock price, investors can expect a yield of about 5.1% going forward.
Shares of MMP were lower on Tuesday, falling 0.4% so far.
In other dividend news, SM Energy (NYSE:SM) maintained a dividend of 5 cents per share. Eli Lilly (NYSE:LLY) maintained its quarterly dividend of 49 cents per share. Cummins (NYSE:CMI) maintained its quarterly dividend of 40 cents per share. And Baytex Energy (NYSE:BTE) maintained its monthly dividend of 20 cents per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.