Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

The board of directors of Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.58 per share on common stock. This dividend will be payable on March 10, 2022, to shareholders who are on record by the close of business on February 16, 2022. Marathon Petroleum is a leading downstream energy company, operating the largest refining system in the U.S. and managing a comprehensive marketing network.

Positive

• Dividend declared at $0.58 per share enhances shareholder income.
• Confidence in financial stability as dividend is maintained.

Negative

• None.

FINDLAY, Ohio, Jan. 27, 2022 /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, 2022, to shareholders of record as of the close of business Feb. 16, 2022.

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

 

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SOURCE Marathon Petroleum Corporation

FAQ

What is the dividend amount declared by Marathon Petroleum Corp?

Marathon Petroleum Corp has declared a dividend of $0.58 per share.

When will Marathon Petroleum's dividend be paid?

The dividend will be paid on March 10, 2022.

What is the record date for the dividend payment by MPC?

The record date for the dividend payment is February 16, 2022.

How often does Marathon Petroleum pay dividends?

Marathon Petroleum typically pays dividends quarterly.

Is the dividend announced by MPC sustainable?

The sustainability of the dividend can depend on the company's ongoing financial performance.