Marathon Petroleum Raises Quarterly Dividend by 9.4%

Date : 01/27/2020 @ 12:44PM
Source : Dow Jones News
Stock : Marathon Petroleum Corporation (MPC)
Quote : 55.87  -3.26 (-5.51%) @ 1:00AM
After Hours
Last Trade
Last $ 56.70 ▲ 0.83 (1.49%)

Marathon Petroleum Raises Quarterly Dividend by 9.4%

Marathon Petroleum (NYSE:MPC)
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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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