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The Board of Directors of Citigroup today declared a quarterly dividend on Citigroup's common stock of $0.16 per share, payable on August 26, 2016 to stockholders of record on August 1, 2016.

The Board of Directors of Coca-Cola today declared a regular quarterly dividend of 35 cents per common share. The dividend is payable Oct. 3, 2016 to shareowners of record as of Sept. 15, 2016. The Board earlier this year approved the company's 54th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 33 cents to 35 cents per common share. This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015. The increase reflects the Board's confidence in the company's long-term cash flow.

The board of directors of Magellan Midstream Partners has increased the partnership's quarterly cash distribution to 82 cents per unit for the period April 1 through June 30, 2016, representing the 57th distribution increase since its initial public offering in 2001.The second-quarter 2016 distribution is 11% higher than the second-quarter 2015 distribution of 74 cents per unit and represents a 2% increase over the first-quarter 2016 distribution of 80.25 cents. The new distribution, which equates to $3.28 per unit on an annualized basis, will be paid Aug. 12 to unitholders of record at the close of business on Aug. 1.

Tesoro Logistics today announced the declaration of its quarterly cash distribution for the second quarter 2016 of $0.842 per limited partnership unit, or $3.368 on an annualized basis. This distribution represents a 4% increase over the quarterly distribution of $0.81 per unit or $3.24 per unit on an annualized basis paid in May 2016. This represents the 21st consecutive quarterly increase of approximately 4% or more. The second quarter distribution will be paid August 12, 2016, to all unitholders of record as of August 2, 2016. In the prior four quarters, TLLP has increased its distribution to limited partners by 17%.

BlackRock today announced that its Board of Directors has declared a quarterly cash dividend of $2.29 per share of common stock, payable September 23, 2016 to shareholders of record at the close of business on September 2, 2016.

For MarketNewsVideo.com, I'm Sayoko Murase.