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

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

Marathon Petroleum Corp. increases dividend

January 29, 2018 6:50 AM EST

FINDLAY, Ohio, Jan. 29, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its board of directors declared a dividend of $0.46 per share on common stock. The dividend is payable March 12, 2018, to shareholders of record as of the close of business Feb. 21, 2018.

"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... More