Marathon Petroleum Corp. Announces Quarterly Dividend

Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.58 per share on common stock.

Rhea-AI Summary

Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.58 per share on common stock. This dividend will be payable on December 10, 2021, to shareholders of record by the close of business on November 17, 2021. Marathon Petroleum, based in Findlay, Ohio, boasts the largest refining system in the nation and operates a comprehensive marketing system that includes branded retail outlets across the United States. The company also has significant interests in MPLX LP, a midstream services provider.

Positive

• Dividend of $0.58 per share declared.
• Dividend payment scheduled for December 10, 2021.
• Strong position as the nation's largest refining system.

Negative

• None.

Argus Publication session

-3.39% session move Open Argus

Details

News Market Reaction – MPC

In the trading session that priced this news, MPC declined 3.39%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FINDLAY, Ohio, Oct. 27, 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 Dec. 10, 2021, to shareholders of record as of the close of business Nov. 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. 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-301410245.html

SOURCE Marathon Petroleum Corporation

FAQ

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

What is the MPC dividend payment amount?

The dividend payment amount is $0.58 per share.

When is the dividend payment date for MPC?

The dividend payment date is December 10, 2021.

What is the record date for MPC's dividend?

The record date for the dividend is November 17, 2021.

Is the dividend from MPC sustainable?

The sustainability of the dividend is subject to the company's financial performance and market conditions.