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

Marathon Petroleum Corporation (NYSE:MPC) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 1.00 per share by the oil and gas company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

Marathon Petroleum has increased its dividend 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. Research analysts expect Marathon Petroleum to earn $35.01 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 11.4%.

Marathon Petroleum Price Performance

MPC opened at $355.61 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The stock has a market capitalization of $103.82 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company’s 50 day simple moving average is $287.31 and its 200-day simple moving average is $248.19. Marathon Petroleum has a one year low of $160.87 and a one year high of $360.10.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter in the previous year, the company posted $3.96 EPS. Marathon Petroleum’s revenue was up 53.5% on a year-over-year basis. Sell-side analysts anticipate that Marathon Petroleum will post 46.66 earnings per share for the current fiscal 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.