Marathon Petroleum increases quarterly dividend by 10 percent
Marathon Petroleum Corp. has raised its quarterly dividend to $1.10 per share. The 10 percent increase follows the previous payout of $1.00 per share.
The board of directors of Marathon Petroleum Corp. (NYSE: MPC) announced an increase in the company's quarterly dividend to $1.10 per share. The new rate represents a 10 percent raise from the prior dividend of $1.00 per share.
The dividend payment is scheduled for December 10, 2026, for shareholders of record. This move follows a period of financial evaluation by the board regarding the company's capital allocation strategy.
Returning capital to shareholders remains a priority for the firm as it continues its operations in the energy sector. The dividend adjustment reflects the board's outlook on the company's ongoing cash flow and financial stability.