BUSINESS BRIEF

Marathon spin-off firm announces dividend

4/23/2014

FINDLAY — MPLX LP on Tuesday announced a dividend of 32.75 cents a share for the first quarter, payable on May 15 to shareholders of record on
May 5.

MPLX has increased its dividend each quarter since its initial public offering in October, 2012. It was spun off from Marathon Petroleum Corp. to own, operate, develop, and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products, and other hydrocarbon-based products.