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MPC Marathon Petroleum dividend history, payout ratio & dates

Marathon Petroleum's latest quarterly cash dividend of $0.75 per share was issued to shareholders on record before Nov 15, 2022. The dividend distribution stands at $2.49 per share annually, which comes to a dividend yield of 2.04%. The latest MPC dividend of $0.75 is an increase from the previous $0.58 payout, representing a growth of 29%.

Key dates

  • MPC last dividend date: Nov 15, 2022
  • MPC next dividend date: Not announced
MPC dividend stats
DPS
$2.49
Dividend yield
2.04%
Payout ratio
10.8%
vs. Energy sector
Dividend yield
3.8%
Payout ratio
41.3%

Dividend yield

What is Marathon Petroleum current dividend yield

MPC has a dividend yield of 2.04% which is below the Energy sector, the industry and its peers average. If we compare it with its Energy sector average of 3.8%, Marathon Petroleum's dividend yield is 46% lower. The historical 5-year average of MPC's dividend yield is 3.6%, which is more than the current yield.

Dividend history

What is MPC dividend payout history and dates

Marathon Petroleum has been paying dividends for the last 11 years. Our records show that MPC has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 7% since twelve months ago. However with the price of the stock up by 99% from a year ago, the dividend yield has a decrease of 46%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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

Marathon Petroleum dividend payout ratio

What is Marathon Petroleum dividend payout ratio compared to the sector

Payout ratio

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 41.3%, Marathon Petroleum's payout ratio is 74% lower.

Total amount of dividends paid per financial year (from cash flow)

MPC dividend vs peer dividends

How does MPC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
PSX Phillips 66 3.55% $3.83 17.5%
XOM Exxon Mobil Corp 3.23% $3.55 29%
CVX Chevron Corp 3.18% $5.68 32.2%
VLO Valero Energy Corp 2.91% $3.92 16.7%
MPC Marathon Petroleum Corp 2.04% $2.49 10.8%

Frequently asked questions

Does Marathon Petroleum pay a dividend?

Yes, Marathon Petroleum has been paying dividends for the last 11 years.

When is Marathon Petroleum's next dividend?

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 February 2023.

When was MPC's last dividend?

Marathon Petroleum's last dividend ex-date was on Nov 15, 2022. The dividend amount was $0.75 per share.

How much dividend does Marathon Petroleum pay (per share)?

MPC's annualized dividend per share is $2.49.

What is Marathon Petroleum's dividend yield?

Currently Marathon Petroleum's dividend yield is 2.04%.

How often does Marathon Petroleum pay dividends?

Marathon Petroleum has a quarterly dividend frequency.

What is Marathon Petroleum's dividend payout ratio?

The dividend payout ratio of Marathon Petroleum is 10.8%.

Does Marathon Petroleum pay a good dividend?

Marathon Petroleum's dividend yield is less than the Energy sector average.