Marathon Oil (MRO) Lowers Quarterly Dividend 76.2% to $0.05; 1.1% Yield

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Go back to Marathon Oil (MRO) Lowers Quarterly Dividend 76.2% to $0.05; 1.1% Yield

Marathon Oil Corporation Adjusts Quarterly Dividend

October 29, 2015 6:30 AM EDT

HOUSTON, Oct. 29, 2015 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors declared a quarterly dividend of 5 cents per share on the Company's common stock, compared to the previous quarterly dividend of 21 cents per share. The dividend is payable on Dec. 10, 2015, to stockholders of record on Nov. 18, 2015.

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... More