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Stock Market & Financial Investment News

News Breaks
April 3, 2014
09:07 EDTMMPMagellan Midstream's pipeline project in Little Rock advances to next phase
Magellan Midstream received sufficient commitments through its recent open season to proceed to the next phase for its potential pipeline to Little Rock, Arkansas. Management is currently negotiating an agreement to utilize a portion of an existing third-party pipeline. Subject to finalizing this agreement and receipt of the necessary permits and regulatory approval for the pipeline construction, the potential Little Rock pipeline could be operational in late 2015.
News For MMP From The Last 14 Days
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July 23, 2015
09:27 EDTMMPMagellan Midstream increases quarterly cash distribution 3% to 74c
Magellan Midstream has increased the partnership's quarterly cash distribution to 74c per unit, a 3% increase over Q1 distribution of 71.75c. The new distribution, which equates to $2.96 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 7.

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