Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

Marathon Petroleum Corp. (NYSE: MPC) has declared a $0.75 per share dividend on common stock, payable on March 10, 2023. Shareholders of record as of February 16, 2023 will receive this payment. The company is recognized as a leading integrated downstream energy firm, operating the largest refining system in the U.S. with a wide network of Marathon brand retail locations. It also maintains a majority interest in MPLX LP, a midstream energy company.

Positive

• Dividend of $0.75 per share enhances income for shareholders.
• Demonstrates company confidence and financial stability.

Negative

• None.

FINDLAY, Ohio, Jan. 27, 2023 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.75 per share on common stock. The dividend is payable March 10, 2023, to shareholders of record as of the close of business Feb. 16, 2023.

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

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

View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-301732598.html

SOURCE Marathon Petroleum Corporation

FAQ

What is the dividend amount declared by MPC?

Marathon Petroleum Corp. declared a dividend of $0.75 per share.

When is the dividend payment date for MPC?

The dividend is payable on March 10, 2023.

What is the record date for the MPC dividend?

The record date for the dividend is February 16, 2023.

How often does MPC pay dividends?

Marathon Petroleum Corp. typically pays dividends on a quarterly basis.

Is the MPC dividend sustainable?

The sustainability of the dividend is dependent on the company's financial performance and market conditions.