OREANDA-NEWS. August 07, 2014. Marathon Petroleum Corporation (NYSE: MPC) announced that its board of directors declared a dividend of USD 0.50 per share on common stock, a 19 percent increase in its quarterly dividend.

The dividend is payable on Sept. 10, 2014, to shareholders of record as of the close of business Aug. 20, 2014.

"This is the fourth increase in MPC's dividend and represents a 32 percent compound annual growth rate from the dividend established at the time MPC became a stand-alone public company in July 2011," said President and Chief Executive Officer Gary R. Heminger.

On July 31, MPC will provide an update on its 2014 second-quarter results through an earnings news release, to be followed by a conference call scheduled for 10 a.m. EDT that day. Interested investors can listen to the conference call on MPC's website at http://www.marathonpetroleum.com by clicking on the "2014 Second-Quarter Financial Results" link.