Magellan Midstream Holdings L.P. board reports raise in distribution
Fri. July 18, 2008; Posted: 12:19 PM
Jul 18, 2008 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- The board of directors for the general partner of Magellan Midstream
Holdings L.P. (NYSE: MGG), which primarily transports, stores and
distributes refined petroleum products, announced on 17 July its tenth
consecutive quarterly distribution increase to USD0.3375 per unit for
the period 1 April through 30 June 2008.
The new distribution equates to USD1.35 per unit on an annual basis.
The distribution represents an increase of 22% over the distribution
for the second quarter of 2007 and 5% over the distribution for the
first quarter of 2008 per unit.
The new distribution will be paid on 14 August 2008 to unitholders of
record at the close of business as on 6 August.
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