Marathon Petroleum (MPC) Raises Quarterly Dividend 11.1% to $0.40; 2.8% Yield

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Go back to Marathon Petroleum (MPC) Raises Quarterly Dividend 11.1% to $0.40; 2.8% Yield

Marathon Petroleum Corp. increases dividend 11 percent

July 26, 2017 12:18 PM EDT

FINDLAY, Ohio, July 26, 2017 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.40 per share on common stock, an 11 percent increase from the $0.36 per share dividend paid in the second quarter of 2017. The dividend is payable Sept. 11, 2017, to shareholders of record as of the close of business Aug. 16, 2017.

MPC Chairman and CEO Gary R. Heminger noted that the increase represents a compound annual growth rate of 26 percent from the dividend level established at the time MPC became an independent,... More