Marathon Petroleum Corporation (MPC) to Issue Quarterly Dividend of $1.00 on June 10th

Marathon Petroleum Corporation (NYSE:MPC) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Wednesday, May 20th will be given a dividend of 1.00 per share by the oil and gas company on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 20th.

Marathon Petroleum has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Marathon Petroleum has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marathon Petroleum to earn $26.11 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 15.3%.

Marathon Petroleum Stock Up 0.1%

MPC stock opened at $255.16 on Monday. Marathon Petroleum has a one year low of $154.65 and a one year high of $261.61. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The firm’s fifty day moving average is $234.57 and its 200 day moving average is $203.50. The firm has a market cap of $74.49 billion, a PE ratio of 16.66, a P/E/G ratio of 0.33 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts forecast that Marathon Petroleum will post 29.67 EPS for the current year.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.