(Marathon, 25.Oct.2023) — Marathon Oil Corporation‘s (NYSE: MRO) board of directors has declared a dividend of 11 cents per share on Marathon common stock. The dividend is payable on 11 Dec. 2023, to stockholders of record on 15 Nov. 2023.
“This is the eighth increase to our base dividend in the last eleven quarters, fully consistent with our objective to pay a competitive and sustainable base dividend to our shareholders,” said chairman, president and CEO Lee Tillman. “We expect this latest 10% increase to be funded through our share repurchase program and the related decline in our outstanding share count, demonstrating the important synergies that exist between our share repurchase program and sustainable base dividend growth on a per share basis.”
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