Marathon Petroleum's latest quarterly cash dividend of $0.75 per share was issued to shareholders on record before Aug 15, 2023. The dividend distribution stands at $3 per share annually, which comes to a dividend yield of 1.99%.
MPC has a dividend yield of 1.99% which is below the Energy sector, the industry and its peers average. If we compare it with its Energy sector average of 4.01%, Marathon Petroleum's dividend yield is 50% lower. The historical 5-year average of MPC's dividend yield is 3.6%, which is more than the current yield.
Marathon Petroleum has been paying dividends for the last 12 years. Our records show that MPC has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 29% since twelve months ago. However with the price of the stock up by 69% from a year ago, the dividend yield has a decrease of 23%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Aug 15, 2023 | Sep 11, 2023 | Jul 26, 2023 | $0.75 | normal |
May 16, 2023 | Jun 12, 2023 | Apr 26, 2023 | $0.75 | normal |
Feb 15, 2023 | Mar 10, 2023 | Jan 27, 2023 | $0.75 | normal |
Nov 15, 2022 | Dec 12, 2022 | Nov 1, 2022 | $0.75 | normal |
Aug 16, 2022 | Sep 12, 2022 | Jul 27, 2022 | $0.58 | normal |
May 17, 2022 | Jun 10, 2022 | Apr 27, 2022 | $0.58 | normal |
Feb 15, 2022 | Mar 10, 2022 | Jan 27, 2022 | $0.58 | normal |
Nov 16, 2021 | Dec 10, 2021 | Oct 27, 2021 | $0.58 | normal |
Aug 17, 2021 | Sep 10, 2021 | Jul 28, 2021 | $0.58 | normal |
May 18, 2021 | Jun 10, 2021 | Apr 28, 2021 | $0.58 | normal |
Feb 16, 2021 | Mar 10, 2021 | Jan 29, 2021 | $0.58 | normal |
Nov 17, 2020 | Dec 10, 2020 | Oct 28, 2020 | $0.58 | normal |
Aug 18, 2020 | Sep 10, 2020 | Jul 29, 2020 | $0.58 | normal |
May 19, 2020 | Jun 10, 2020 | Apr 29, 2020 | $0.58 | normal |
Feb 18, 2020 | Mar 10, 2020 | Jan 27, 2020 | $0.58 | normal |
Nov 19, 2019 | Dec 10, 2019 | Oct 30, 2019 | $0.53 | normal |
Aug 20, 2019 | Sep 10, 2019 | Jul 31, 2019 | $0.53 | normal |
May 15, 2019 | Jun 10, 2019 | Apr 24, 2019 | $0.53 | normal |
Feb 19, 2019 | Mar 11, 2019 | Jan 28, 2019 | $0.53 | normal |
Nov 20, 2018 | Dec 10, 2018 | Oct 31, 2018 | $0.46 | normal |
Aug 15, 2018 | Sep 10, 2018 | Jul 25, 2018 | $0.46 | normal |
May 15, 2018 | Jun 11, 2018 | Apr 25, 2018 | $0.46 | normal |
Feb 20, 2018 | Mar 12, 2018 | Jan 29, 2018 | $0.46 | normal |
Nov 15, 2017 | Dec 11, 2017 | Oct 25, 2017 | $0.4 | normal |
Aug 14, 2017 | Sep 11, 2017 | Jul 26, 2017 | $0.4 | normal |
May 15, 2017 | Jun 12, 2017 | Apr 26, 2017 | $0.36 | normal |
Feb 14, 2017 | Mar 10, 2017 | Jan 27, 2017 | $0.36 | normal |
Nov 14, 2016 | Dec 12, 2016 | Oct 26, 2016 | $0.36 | normal |
Aug 15, 2016 | Sep 12, 2016 | Jul 27, 2016 | $0.36 | normal |
May 16, 2016 | Jun 10, 2016 | Apr 27, 2016 | $0.32 | normal |
Feb 12, 2016 | Mar 10, 2016 | Feb 1, 2016 | $0.32 | normal |
Nov 16, 2015 | Dec 10, 2015 | Oct 28, 2015 | $0.32 | normal |
Aug 17, 2015 | Sep 10, 2015 | Jul 29, 2015 | $0.32 | normal |
MPC has a payout ratio of 10.8% which is lower than the Energy sector, the industry and its peers average. If we compare it with the Energy sector average of 38.1%, Marathon Petroleum's payout ratio is 72% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
CVX Chevron Corp | 3.48% | $5.95 | 37.5% |
PSX Phillips 66 | 3.41% | $4.12 | 17.8% |
XOM Exxon Mobil Corp | 3.03% | $3.64 | 29.1% |
VLO Valero Energy Corp | 2.81% | $4.04 | 13.9% |
MPC Marathon Petroleum Corp | 1.97% | $3 | 10.8% |
Yes, Marathon Petroleum has been paying dividends for the last 12 years.
At this point we don't have a record of MPC's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2023.
Marathon Petroleum's last dividend ex-date was on Aug 15, 2023. The dividend amount was $0.75 per share.
MPC's annualized dividend per share is $3.
Currently Marathon Petroleum's dividend yield is 1.99%.
Marathon Petroleum has a quarterly dividend frequency.
The dividend payout ratio of Marathon Petroleum is 10.8%.
Marathon Petroleum's dividend yield is less than the Energy sector average.