Marathon Petroleum Issues Stock Dividend

1/31/18 – 5:15 A.M.

Marathon Petroleum’s board of directors declared a dividend of 46 cents per common share of stock this week. The company says the dividend is payable on March 12 to shareholders of record on February 21.

CEO Gary Heminger says the dividend is a 15 percent increase “to our regular dividend under an accelerated timeline.”

Marathon will report fourth-quarter and full year financial results Thursday morning.