Marathon Petroleum's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Marathon Petroleum (NYSE:MPC) announced a quarterly dividend of 82.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning MPC stock by the end of Monday are eligible for the dividend, which will be paid on March 11, 2024. The stock is expected to open 82.5 cents lower on the ex-dividend date.
February 15, 2024 | 2:46 pm
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Marathon Petroleum announces a quarterly dividend of 82.5 cents per share, with an ex-dividend date this Tuesday. The stock is likely to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, MPC's stock is expected to open lower by 82.5 cents on the ex-dividend date, indicating a short-term negative impact.
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