Marathon Petroleum Corp. Announces Quarterly Dividend

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.

FINDLAY, Ohio, Oct. 28, 2020 /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, 2020, to shareholders of record as of the close of business Nov. 18, 2020.

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

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SOURCE Marathon Petroleum Corporation

FAQ

What is the dividend amount declared by Marathon Petroleum Corp. (MPC)?

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

When will the dividend be paid to shareholders of MPC?

The dividend will be payable on December 10, 2020.

What is the record date for the MPC dividend?

The record date for the dividend is November 18, 2020.

What is the significance of the declared dividend for MPC shareholders?

The declared dividend indicates Marathon Petroleum's commitment to providing returns to its shareholders.