Marathon Petroleum Corp. Announces Quarterly Dividend

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.

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

 

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SOURCE Marathon Petroleum Corporation

FAQ

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.