Marathon Oil Corporation (NYSE:MRO) announced an 11 cent per share dividend on Thursday, marking a 10% increase and the eighth rise in base dividends in 11 quarters. This dividend is payable on December 11, 2023, to shareholders recorded as of November 15, 2023.
The company plans to finance this move through its share repurchase program, which will result in a reduction in outstanding shares. The announcement highlights Marathon's strategic approach to balance its share repurchase program with a commitment to deliver competitive returns through sustainable dividend growth per share.
In other corporate news, Norfolk Southern Corp (NYSE:NSC). declared a $1.35 per share quarterly dividend on its common stock. This dividend is due November 20 for shareholders recorded by November 3, maintaining its tradition of dividends for 165 straight quarters.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.