Reminder - Marathon Petroleum (MPC) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 5/16/23, Marathon Petroleum Corp. (Symbol: MPC) will trade ex-dividend, for its quarterly dividend of $0.75, payable on 6/12/23. As a percentage of MPC's recent stock price of $110.84, this dividend works out to approximately 0.68%, so look for shares of Marathon Petroleum Corp. to trade 0.68% lower — all else being equal — when MPC shares open for trading on 5/16/23.



In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MPC is likely to continue, and whether the current estimated yield of 2.71% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MPC shares, versus its 200 day moving average:



Looking at the chart above, MPC's low point in its 52 week range is $77.62 per share, with $137.7424 as the 52 week high point — that compares with a last trade of $110.77.

In Friday trading, Marathon Petroleum Corp. shares are currently up about 0.7% on the day.

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