Marathon Petroleum Raises Quarterly Dividend by 9.4%
January 27 2020 - 7:44AM
Dow Jones News
By Colin Kellaher
Marathon Petroleum Corp. (MPC) on Monday said its board raised
the quarterly dividend by 9.4%, to 58 cents, from 53 cents.
The new payout, equal to $2.32 a year, represents an annual
yield of about 4.26% based on Friday's closing price of $54.49, up
from 3.89%.
The Findlay, Ohio, downstream energy company said the increased
dividend is payable March 10 to shareholders of record Feb. 19.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 27, 2020 07:29 ET (12:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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