Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

Marathon Petroleum Corp. (NYSE: MPC) has declared a $0.58 per share dividend on common stock, payable on September 10, 2021, to shareholders of record as of August 18, 2021.

As a leading integrated downstream energy company, Marathon operates the largest refining system in the U.S. with a robust marketing system including Marathon brand outlets nationwide. The company's operations also extend into midstream activities through its majority interest in MPLX LP.

Positive

• Dividend of $0.58 per share announced, providing income for shareholders.
• Company demonstrating confidence in financial stability by maintaining dividend payments.

Negative

• None.

FINDLAY, Ohio, July 28, 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 Sept. 10, 2021, to shareholders of record as of the close of business Aug. 18, 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, Investor Relations
Brian Worthington, Manager, Investor Relations
Kenan Kinsey, Analyst, Investor Relations

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

View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-301343620.html

SOURCE Marathon Petroleum Corporation

FAQ

What is the dividend amount declared by Marathon Petroleum Corporation?

Marathon Petroleum Corporation declared a dividend of $0.58 per share.

When is the dividend payable for Marathon Petroleum stock?

The dividend is payable on September 10, 2021.

What is the record date for Marathon Petroleum's dividend?

The record date for the dividend is August 18, 2021.

How often does Marathon Petroleum Corporation declare dividends?

Marathon Petroleum Corporation typically declares dividends quarterly.

Is the dividend from Marathon Petroleum Corporation sustainable?

The sustainability of the dividend depends on the company's financial performance and cash flow.