Marathon Petroleum Corp. increases dividend 12.5 percent
(Thomson Reuters ONE) -
FINDLAY, Ohio, July 27, 2016 - Marathon Petroleum Corporation (NYSE: MPC)
announced today that its board of directors declared a dividend of $0.36 per
share on common stock, a 12.5 percent increase from the $0.32 per share dividend
paid in the second quarter of 2016. The dividend is payable Sept. 12, 2016, to
shareholders of record as of the close of business Aug. 17, 2016.
"This increase in our dividend represents a compound annual growth rate of more
than 29 percent from the dividend level established at the time MPC became a
standalone public company," said Gary R. Heminger, MPC's chairman, president and
CEO. "This increase demonstrates our ongoing commitment to share the success of
the business with our owners as we also continue to invest in future growth."
On July 28, MPC will provide an update on its 2016 second-quarter results
through an earnings release, to be followed by a conference call scheduled for
9 a.m. EDT that day. Interested parties may listen to the conference call by
dialing 1-800-446-2782 (confirmation number 42834146) or by visiting MPC's
website at http://www.marathonpetroleum.com and clicking on the "2016 Second-
Quarter Financial Results" link.
###
About Marathon Petroleum Corporation
MPC is the nation's third-largest refiner, with a crude oil refining capacity of
approximately 1.8 million barrels per calendar day in its seven-refinery system.
Marathon brand gasoline is sold through approximately 5,400 independently owned
retail outlets across 19 states. In addition, Speedway LLC, an MPC subsidiary,
owns and operates the nation's second-largest convenience store chain, with
approximately 2,770 convenience stores in 22 states. MPC owns, leases or has
ownership interests in approximately 8,400 miles of crude and light product
pipelines and 5,000 miles of gas gathering and natural gas liquids (NGL)
pipelines. MPC also has ownership interests in 54 gas processing plants, 13 NGL
fractionation facilities and two condensate stabilization facilities. 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, NGLs, feedstocks and petroleum-related products
efficiently through the company's distribution network and midstream service
businesses in the Midwest, Northeast, East Coast, Southeast and Gulf Coast
regions.
Investor Relations Contacts:
Lisa D. Wilson (419) 421-2071
Teresa Homan (419) 421-2965
Media Contacts:
Chuck Rice (419) 421-2521
Jamal Kheiry (419) 421-3312
MPC Dividend - 2016 2Q:
http://hugin.info/147922/R/2031005/755612.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Marathon Petroleum Corporation via GlobeNewswire
[HUG#2031005]
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2016 - 18:45 Uhr
Sprache: Deutsch
News-ID 485764
Anzahl Zeichen: 3579
contact information:
Town:
Findlay, Ohio
Kategorie:
Business News
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