Marathon Petroleum (MPC) Raises Quarterly Dividend 15% to $0.46; 2.6% Yield

Marathon Petroleum (NYSE: MPC) declared a quarterly dividend of $0.46 per share, or $1.84 annualized. This is a 15% increase from the prior dividend of $0.40.

The dividend will be payable on March 12, 2018, to stockholders of record on February 21, 2018, with an ex-dividend date of February 20, 2018.

The annual yield on the dividend is 2.6 percent.

"The $0.46 dividend approved by our Board represents a 15 percent increase to our regular dividend under an accelerated timeline," said Gary R. Heminger, chairman and chief executive officer. "As we near the closing of the final phase of the strategic actions undertaken in 2017, we remain highly confident in the long-term cash generation of the business, further supported by the reduced cash burden resulting from tax reform."

For a dividend history and other dividend-related data on Marathon Petroleum (MPC) click here.

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