New Dividend: 35 cents per share
Dividend Percent Increase: 40%Current Yield: 2.18% Investors looking for a dividend-hiking E&P stock can look no further than the next company on our list: Marathon Petroleum (MPC - Get Report). Marathon is a $15 billion oil refinery and transportation company that went public last year. The firm owns six refineries spread throughout the Midwest, Gulf Coast and Southeast, as well as the terminal and transportation systems that help them get petroleum products to and from their facilities. >>7 Undervalued Oil and Gas Stocks Ripe for Gains As one of the few sizable independent refiners in the country, Marathon is able to squeeze some bigger margins out of niche markets that the big names can't. And that's helping to fuel the firm's 2.18% dividend yield. Last week's 40% cent dividend increase brings Marathon's total payout to 35 cents per share. Marathon Petroleum, one of George Soros' stocks, shows up on a list of 8 Stocks Benefiting From North America's Energy Boom.
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