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Marathon’s MPLX increases dividend

MPLX LP,  Marathon Petroleum Corp.’s pipeline subsidiary, has announced a dividend of 34. 25 cents per common share for the second quarter of 2014.

That represents an increase of 1.5 cents per share, or 4.6 percent, over the previous quarterly distribution. The second-quarter distribution will be paid Aug. 14, 2014, to shareholders of record Aug. 4, 2014.

MPLX has increased its distribution every quarter since its initial public offering in October 2012.

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