Marathon Petroleum (MPC) will increase its quarterly dividend by 20 percent to $0.42 per share in 2013. This follows a 40 percent dividend hike in 2012 and marks the 2nd year of dividend increases for MPC.

Marathon Petroleum Corporation is an integrated, downstream energy company headquartered in Findlay, Ohio. The company's business includes petroleum product refining, marketing, retail and transportation. Also MPC is one of the largest natural gas processors in the United States. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interests in two midstream companies, MPLX LP and Andeavor Logistics LP, which own and operate gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. Marathon Petroleum Corporation has roots tracing back to the formation of the Ohio Oil Company in 1887.