The board of directors of Magellan Midstream Partners, L.P. has declared a quarterly cash distribution of $1.0275 per unit for the period Oct. 1 through Dec. 31, 2020. distribution, which equates to $4.11 per unit on an annualized basis, will be paid Feb. 12 2021 to unitholders of record at the close of business on Feb. 5, 2021.