Marathon Petroleum Corporation Increases Dividend
(Thomson Reuters ONE) -
FINDLAY, Ohio, July 31, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today
announced the board of directors declared a dividend of 42 cents per share on
common stock, a 20 percent increase in its quarterly dividend. The dividend is
payable Sept. 10, 2013, to shareholders of record as of the close of business
Aug. 21, 2013.
"This is MPC's third dividend increase in the past 24 months and represents a
110 percent increase over the dividend at the time we became an independent
public company," said President and Chief Executive Officer Gary R. Heminger.
"This increase reflects our confidence in the company and our commitment to
strike a balance between making investments in the business to grow our core
earnings and returning capital to shareholders."
On Aug. 1, MPC will provide an update on its 2013 second-quarter results through
an earnings news release, to be followed by a conference call scheduled for 10
a.m. EDT that day. Interested investors can listen to the conference call on
MPC's website at http://www.marathonpetroleum.com by clicking on the "2013
Second-Quarter Financial Results" link.
###
About Marathon Petroleum Corporation
MPC is the nation's fourth-largest refiner, with a crude oil refining capacity
of approximately 1.7 million barrels per calendar day in its seven-refinery
system. Marathon brand gasoline is sold through approximately 5,000
independently owned retail outlets across 17 states. In addition, Speedway LLC,
an MPC subsidiary, owns and operates the nation's fourth-largest convenience
store chain, with approximately 1,470 convenience stores in nine states. MPC
also owns, leases or has ownership interests in approximately 8,300 miles of
pipeline. Through subsidiaries, MPC owns the general partner of MPLX LP, a
midstream master limited partnership. MPC's fully integrated system provides
operational flexibility to move crude oil, feedstocks and petroleum-related
products efficiently through the company's distribution network in the Midwest,
Southeast and Gulf Coast regions. For additional information about the company,
please visit our website at http://www.marathonpetroleum.com.
Investor Relations Contacts:
Pamela Beall (419) 429-5640
Beth Hunter (419) 421-2559
Media Contacts:
Angelia Graves (419) 421-2703
Brandon Daniels (419) 421-3127
MPC Increases Dividend:
http://hugin.info/147922/R/1720287/572657.pdf
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Source: Marathon Petroleum Corporation via Thomson Reuters ONE
[HUG#1720287]
Unternehmensinformation / Kurzprofil:
Datum: 31.07.2013 - 19:18 Uhr
Sprache: Deutsch
News-ID 283564
Anzahl Zeichen: 3277
contact information:
Town:
Findlay, Ohio
Kategorie:
Business News
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