Marathon Petroleum Corp. Announces Quarterly Dividend
Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.58 per share on common stock, payable on December 10, 2020, to shareholders who are on record as of November 18, 2020.
Sentiment and the balance of points
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Rhea-AI Summary
Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.58 per share on common stock, payable on December 10, 2020, to shareholders who are on record as of November 18, 2020. This decision reflects the company's commitment to returning value to shareholders while operating the largest refining system in the nation. The firm also operates a comprehensive marketing system and has interests in a prominent midstream company, MPLX LP.
Positive
- Quarterly dividend of $0.58 per share announced.
- Dividend payable on December 10, 2020, reinforcing commitment to shareholder returns.
Negative
- None.
Details
News Market Reaction – MPC
The recorded move for MPC in the trading session of this news was -2.45%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FINDLAY, Ohio, Oct. 28, 2020 /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. 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
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-301162110.html
SOURCE Marathon Petroleum Corporation
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