Marathon Petroleum Corp. Announces Quarterly Dividend
Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.58 per share on common stock, payable on Sept. 12, 2022, to shareholders of record as of Aug. 17, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.58 per share on common stock, payable on Sept. 12, 2022, to shareholders of record as of Aug. 17, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Marathon Petroleum is an integrated energy company operating the largest refining system in the U.S., with a strong presence through its branded retail outlets and significant midstream operations.
Positive
- Quarterly dividend of $0.58 per share reflects company confidence in continued profitability.
- Dividend payable on September 12, 2022, to shareholders, providing immediate value.
Negative
- None.
Details
News Market Reaction – MPC
The recorded move for MPC in the trading session of this news was -0.43%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FINDLAY, Ohio, July 27, 2022 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.
Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President
Brian Worthington, Manager
Kenan Kinsey, Analyst
Media Contact: (419) 421-3312
Jamal Kheiry, Communications Manager
View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-301594734.html
SOURCE Marathon Petroleum Corporation
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