Marathon Petroleum Corp. Announces Quarterly Dividend

Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.58 per share on its common stock, set for payment on March 10, 2021.

Rhea-AI Summary

Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.58 per share on its common stock, set for payment on March 10, 2021. Shareholders on record by the close of business on February 17, 2021 will receive this dividend. Marathon Petroleum is a major player in the energy sector, operating the largest refining system in the U.S. and owning a significant retail presence through its Marathon brand and Speedway LLC.

Positive

• Quarterly dividend of $0.58 per share enhances shareholder income.
• Continues commitment to shareholder returns with consistent dividend payments.

Negative

• None.

Argus Session date unavailable

+0.67% session move Open Argus

Details

News Market Reaction – MPC

The recorded move for MPC in the trading session of this news was +0.67%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

FINDLAY, Ohio, Jan. 29, 2021 /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, 2021, to shareholders of record as of the close of business Feb. 17, 2021.

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. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. 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, Investor Relations
Brian Worthington, Manager, Investor Relations
Taryn Erie, Manager, Investor Relations

Media Contact:
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312

 

View original content:http://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-301218346.html

SOURCE Marathon Petroleum Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by MPC?

Marathon Petroleum Corp. has declared a dividend of $0.58 per share.

When is the dividend payment date for MPC?

The dividend will be payable on March 10, 2021.

What date is the record for shareholders of MPC?

Shareholders must be on record by the close of business on February 17, 2021.

How often does MPC pay dividends?

Marathon Petroleum typically pays dividends quarterly.