Marathon Petroleum (MPC) Raises Quarterly Dividend 15.2% to $0.53; 3.3% Yield

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Go back to Marathon Petroleum (MPC) Raises Quarterly Dividend 15.2% to $0.53; 3.3% Yield

Marathon Petroleum Corp. Increases Quarterly Dividend

January 28, 2019 6:50 AM EST

FINDLAY, Ohio, Jan. 28, 2019 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.53 per share on common stock. The dividend is payable March 11, 2019, to shareholders of record as of the close of business February 20, 2019.

"The $0.53 dividend approved by our board represents a 15 percent increase to our previous quarterly dividend," said Gary R. Heminger, chairman and chief executive officer.

Since the company became independent in 2011, capital returned to shareholders through both dividends and repurchase activity totals over $17.5 billion through year-end 2018. "We have balanced... More