Marathon Petroleum Corporation (MPC) Ex-Dividend Date Scheduled for August 19, 2013


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Marathon Petroleum Corporation ( MPC ) will begin trading ex-dividend on August 19, 2013. A cash dividend payment of $0.42 per share is scheduled to be paid on September 10, 2013. Shareholders who purchased MPC stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over the prior quarter. At the current stock price of $70.67, the dividend yield is 2.38%.

The previous trading day's last sale of MPC was $70.67, representing a -23.79% decrease from the 52 week high of $92.73 and a 47.08% increase over the 52 week low of $48.05.

MPC is a part of the Energy sector, which includes companies such as Exxon Mobil Corporation ( XOM ) and Chevron Corporation ( CVX ). MPC's current earnings per share, an indicator of a company's profitability, is $9.83. Zacks Investment Research reports MPC's forecasted earnings growth in 2013 as -20.81%, compared to an industry average of -8.5%.

For more information on the declaration, record and payment dates, visit the MPC Dividend History page.

Interested in gaining exposure to MPC through an Exchange Traded Fund [ETF]?
The following ETF(s) have MPC as a top-10 holding:

  • PowerShares Dynamic Energy E&P ( PXE )
  • iShares U.S. Oil & Gas Exploration & Production ETF ( IEO )
  • First Trust IPOX-100 Index Fund ( FPX )
  • First Trust Energy AlphaDEX Fund ( FXN )
  • First Trust DB Strategic Value Index Fund (FDV).

The top-performing ETF of this group is FDV with an increase of 15.95% over the last 100 days. PXE has the highest percent weighting of MPC at 4.55%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , Stocks
More Headlines for: CVX , FPX , FXN , IEO , MPC , PXE , XOM

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