Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

Marathon Petroleum Corp. (NYSE: MPC) has announced a quarterly dividend of $0.58 per share, payable on June 10, 2021, to shareholders on record as of May 19, 2021. This dividend declaration reflects the company's ongoing commitment to returning value to its shareholders. Marathon Petroleum operates the largest refining system in the U.S. and has a diverse marketing system, including branded retail outlets and convenience stores nationwide.

Positive

• Quarterly dividend of $0.58 per share enhances shareholder returns.
• Demonstrates company confidence in financial stability.

Negative

• None.

FINDLAY, Ohio, April 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 June 10, 2021, to shareholders of record as of the close of business May 19, 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
Kenan Kinsey, Analyst, Investor Relations

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

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SOURCE Marathon Petroleum Corporation

FAQ

What is the dividend amount announced by MPC?

Marathon Petroleum Corp. announced a dividend of $0.58 per share.

When will the dividend be paid?

The dividend will be payable on June 10, 2021.

What is the record date for the dividend?

The record date for the dividend is May 19, 2021.

How often does MPC pay dividends?

Marathon Petroleum typically pays dividends quarterly.

Is the dividend sustainable for MPC?

The sustainability of the dividend is contingent upon the company's financial performance and market conditions.