Marathon Petroleum Corporation (NYSE:MPC) will begin trading ex-dividend on November 17, 2020. The quarterly dividend payment of $ 0.58 per share is scheduled to be paid on December 10, 2020. The dividend yield based on the latest trading day closing price was 6.18 percent. Shareholders who purchased MPC shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Marathon Petroleum Corporation recently reported second quarter financial results on August 3, 2020, before market open, the Findlay based company reported loss for the second quarter of $ 1.33 per share, from the revenue of $ 15,198.00 million. The quarterly revenues decreased 54.89 percent compared with the same quarter last year. Street analysts expected Marathon Petroleum Corporation recently reported second quarter financial results on August 3, 2020, before market open, the Findlay based company to report loss of $ 1.75 per share on revenue of $ 18884.60 million for the second quarter. The bottom line results beat street analysts by $ 0.42 or 24.00 percent, at the same time, top line results fell short of analysts by $ 3 million or 19.52 percent.
Stock Performance
On Friday, shares of Marathon Petroleum Corporation has traded high as $ 37.64 and has cracked $ 35.02 on the downward trend, reaching $ 37.56 with volume of 7.92 million shares.
According to the previous trading day, closing price of $ 37.56, representing a 127.39 % increase from the 52 week low of $ 15.26 and a 46.4 % decrease over the 52 week high of $ 64.74.
The company has a market capital of $ 24.44 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.
