Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

Marathon Petroleum Corp. (NYSE: MPC) has announced a quarterly dividend of $0.825 per share on common stock. The dividend will be payable on September 10, 2024, to shareholders of record as of the close of business on August 21, 2024. This announcement demonstrates MPC's commitment to returning value to its shareholders through regular dividend payments. The declaration of a dividend is often seen as a positive sign of a company's financial health and confidence in its future prospects.

Positive

• Consistent dividend payment indicates financial stability
• Dividend of $0.825 per share provides income for shareholders

Negative

• None.

FINDLAY, Ohio, July 31, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable Sept. 10, 2024, to shareholders of record as of the close of business Aug. 21, 2024.

About 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 Finance and Investor Relations
Brian Worthington, Director, Investor Relations
Kenan Kinsey, Supervisor, Investor Relations

Media Contact: (419) 421-3577
Jamal Kheiry, Communications Manager

View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-302211470.html

SOURCE Marathon Petroleum Corporation

FAQ

What is the amount of Marathon Petroleum's quarterly dividend for 2024?

Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.825 per share on common stock for 2024.

When is the ex-dividend date for Marathon Petroleum's Q3 2024 dividend?

The ex-dividend date is typically one business day before the record date. For MPC's Q3 2024 dividend, the record date is August 21, 2024, so the ex-dividend date would likely be August 20, 2024.

What is the dividend payment date for Marathon Petroleum's latest announced dividend?

The dividend payment date for Marathon Petroleum's (MPC) latest announced dividend is September 10, 2024.

How often does Marathon Petroleum (MPC) pay dividends?

Based on this announcement, Marathon Petroleum (MPC) pays dividends quarterly. However, dividend frequency can change, so it's best to check the company's investor relations page for the most up-to-date information.