Marathon Petroleum (MPC) Raises Quarterly Dividend 9.4% to $0.58; 4.3% Yield

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Go back to Marathon Petroleum (MPC) Raises Quarterly Dividend 9.4% to $0.58; 4.3% Yield

Marathon Petroleum Corp. Increases Quarterly Dividend

January 27, 2020 7:00 AM EST

FINDLAY, Ohio, Jan. 27, 2020 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable March 10, 2020, to shareholders of record as of the close of business February 19, 2020.

"The $0.58 dividend approved by our board represents a 9.4% increase to our previous quarterly dividend," said Gary R. Heminger, chairman and chief executive officer. "This dividend increase underscores our continuing commitment to returning capital to shareholders and our confidence in the cash flow generation capabilities of MPC." 

Since the company became... More