Marathon Oil Corporation (MRO) will raise its quarterly dividend by a third to 4 cents per share. Last year MRO announced the reinstatement of its quarterly dividend. The previous quarterly dividend of $0.05 per share was suspended earlier in 2020.
The next dividend is payable on June 10, 2021 to stockholders of record on May 19, 2021. The ex-dividend date for the next MRO dividend of 4 cents per share is May 18, 2021. A new annual dividend rate of 16 cents will yield 1.4% at a stock price of $11.13 for Marathon Oil stock.
Marathon Oil Corporation is an independent exploration and production company incorporated in 2001, focused on U.S. resource plays: the Eagle Ford in Texas, the Bakken in North Dakota, STACK and SCOOP in Oklahoma and Northern Delaware in New Mexico. The company also has international operations in E.G. The company's two reportable segments are: United States and International. The United States segment explores for, produces and markets crude oil and condensate, NGLs and natural gas in the United States. The International segment explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as LNG and methanol, in E.G.