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Marathon Oil boosts quarterly dividend to 19 cents

HOUSTON (AP) -- Marathon Oil Corp. said Wednesday that its board approved a 12 percent increase to its quarterly cash dividend, boosting the payout to 19 cents per share.

The next dividend will be paid on Sept. 10 to shareholders of record as of Aug. 21.

Shares of Houston-based Marathon rose 8 cents to close at $36.36.