MAGELLAN MIDSTREAM PARTNERS, L.P. (MMP)

[johnsyn]

TULSA, Okla., July 25, 2013 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (MMP) has increased the partnership's quarterly cash distribution to 53.25 cents per unit for the period April 1 through June 30, 2013, representing the 45th distribution increase since its initial public offering in 2001.

The second-quarter 2013 distribution is 13% higher than the second-quarter 2012 distribution of 47.125 cents per unit and represents a 5% increase over the first-quarter 2013 distribution of 50.75 cents.

The new distribution, which equates to $2.13 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 7.