Marathon Stock Splits 2 for 1

The cheap cost of crude oil has allowed refiners to make huge profits is 2015. Marathon, the U.S.'s 4th largest refiner, announced the 2 for 1 stock split when they noted that the refining and marketing income for the 1st quarter of 2015 was $1.32 billion up from $362 million for the same period in 2014. "Marathon said the split would come in the form of a stock dividend to be distributed on June 10 to shareholders of record as of May 20."