Marathon Oil Corporation Adjusts Quarterly Dividend
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Marathon Oil (MRO) Lowers Quarterly Dividend 76.2% to $0.05; 1.1% Yield
October 29, 2015 6:32 AM EDTMarathon Oil (NYSE: MRO) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. This is a 76.2% decrease from the prior dividend of $0.21.
The dividend will be payable on December 10, 2015, to stockholders of record on November 18, 2015, with an ex-dividend date of November 16, 2015.
The annual yield on the dividend is 1.1 percent.
Lee M. Tillman, Marathon Oil President and CEO, commented on the Boards decision to adjust the dividend saying, We believe the revised dividend appropriately addresses the uncertainty of a lower for longer commodity price environment. The decision aligns with our priority... More
