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


(END) Dow Jones Newswires

January 27, 2020 07:29 ET (12:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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