The board of directors of Magellan Midstream Partners, L.P. has announced the quarterly cash distribution to 99.75 cents per unit for the period October 1, 2018 through December 31, 2018, representing the 67th distribution increase since its initial public offering in 2001. For the year, Magellan declared distributions of $3.87 per unit for 2018, or 8% higher than distributions of $3.5875 per unit for 2017. The new distribution, which equates to $3.99 per unit on an annualized basis, will be paid February 14, 2019 to unitholders of record at the close of business on February 7, 2019.