Marathon Petroleum Corporation (NYSE:MPC – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Marathon Petroleum has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Marathon Petroleum has a dividend payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Get Marathon Petroleum alerts:Marathon Petroleum Trading Up 1.0%Shares of NYSE:MPC opened at $309.09 on Thursday. See AlsoReceive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.