Market Overview

Understanding Marathon Oil's Ex-Dividend Date


On October 1, 2020, Marathon Oil (NYSE: MRO) declared a dividend payable on December 10, 2020 to its shareholders. Marathon Oil also announced that shareholders on the company's books on or before November 18, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Marathon Oil has an ex-dividend date set for for November 17, 2020. The company's current dividend payout is $0.03, which equates to a dividend yield of 2.93% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Marathon Oil's Dividend Payouts And Yields

Over the past year, Marathon Oil has experienced an overall downward trend regarding its dividend payouts and an upward trend regarding its yields. Last year on May 14, 2019 the company's payout was $0.05, which has since decreased by $0.02. Marathon Oil's dividend yield last year was 1.0%, which has since grown by 1.93%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: Dividends