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Stock Market & Financial Investment News

News Breaks
July 24, 2014
09:03 EDTMMPMagellan Midstream increases quarterly cash distribution 4% to 64c
Magellan Midstream has increased the partnership's quarterly cash distribution to 64c per unit for the period April 1 through June 30. The Q2 distribution is 20% higher than the 2Q13 distribution of 53.25c per unit and 4% higher than the Q1distribution of 61.25c. The new distribution, which equates to $2.56 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 4.
News For MMP From The Last 14 Days
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October 22, 2014
09:17 EDTMMPMagellan Midstream increases quarterly distribution 4% to 66.75c
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October 21, 2014
16:16 EDTMMPMagellan Midstream extends open season for proposed Saddlehorn Pipeline
Magellan Midstream Partners announced an extension of the open season for commitments on the proposed Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara shale to the partnership's storage facilities in Cushing, Oklahoma. Binding commitments are now due by Nov. 6. The proposed Saddlehorn Pipeline includes construction of an approximate 600-mile, 20-inch diameter pipeline capable of transporting up to 400,000 barrels per day of crude oil from Platteville, Colorado to Magellan's storage facilities in Cushing. Magellan expects to use its existing right-of-way for a significant portion of the pipeline route. Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the Saddlehorn Pipeline could be operational during 2Q16.
October 16, 2014
10:01 EDTMMPOn The Fly: Analyst Upgrade Summary
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05:53 EDTMMPMagellan Midstream upgraded to Buy from Neutral at Ladenburg
Ladenburg upgraded Magellan Midstream to Buy citing the recent pullback in shares. The firm raised its price target for the stock to $90 from $84.
October 15, 2014
10:02 EDTMMPOn The Fly: Analyst Upgrade Summary
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08:07 EDTMMPMagellan Midstream upgraded to Buy from Neutral at BofA/Merrill
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