Marathon Petroleum (MPC) Dividend
Marathon Petroleum Corporation · Energy · Oil & Gas Refining & Marketing · quarterly payer
As of Nov 5, 2026, Marathon Petroleum (MPC) pays a quarterly dividend, or $4.40 a year, a 1.12% yield at its $394.28 share price. The next ex-dividend date is Nov 18, 2026, paid Dec 10, 2026. It has raised its dividend 4 years in a row and has a dividend safety grade of A.
Forward Yield
1.12%
Annual Dividend
$4.40
Payout Ratio
8%
5-Yr Growth
10.0%
Ex-Date
Nov 18, 2026
Frequency
Quarterly
Key facts about MPC's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Marathon Petroleum Corporation (MPC) has a forward dividend yield of 1.12%, based on an annual dividend of $4.40 per share and a share price of $394.28.
- As of Nov 5, 2026, MPC's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Marathon Petroleum Corporation (MPC) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
- MPC has never cut its regular dividend in the payment history SmarterDividends has on record.
- MPC's next ex-dividend date is Nov 18, 2026, with payment on Dec 10, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, MPC pays out 8% of its trailing 12-month earnings as dividends (its payout ratio).
- MPC's dividend has grown at an average rate of 10.0% a year over the past five years.
- As of Nov 5, 2026, MPC's 1.12% yield is 57% below its five-year average yield of 2.63%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for MPC is $295.22 per share, 25% below the $394.28 share price, so MPC screens as overvalued.
- Marathon Petroleum Corporation (MPC) pays its dividend quarterly, 4 times a year.
- Marathon Petroleum Corporation (MPC) has raised its regular dividend 14 times and cut it 0 times across the 61 payments on record since 2011. Its most recent change was a 9.9% increase to $1.00 per share, going ex-dividend on Nov 19, 2025.
- Marathon Petroleum (MPC) has declared its first higher dividend of the year in October in 3 of the last 5 years; its most recent raise, 9.9%, was declared on Oct 29, 2025.
Cite this page
SmarterDividends, "MPC Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/MPC
Is MPC a good dividend stock?
YesMarathon Petroleum Corporation (MPC) pays a quarterly dividend yielding 1.12% ($4.40/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (8%)
- Strong 10.0% 5-yr dividend growth
- 631% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.12%
- Payout Ratio
- 8%
- Annual Dividend
- $4.40
- 5-Yr Avg Growth
- 10.0%
- Ex-Dividend Date
- Nov 18, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.51
- Market Cap
- $107.4B
- P/E Ratio
- 7.8
- 5-Yr Total Return
- 631%
- 52-Week Range
- $161.93 – $493.98
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
MPC dividend raises and cuts
Marathon Petroleum Corporation (MPC) has raised its regular dividend 14 times and cut it 0 times across the 61 payments on record since 2011. Its most recent change was a 9.9% increase to $1.00 per share, going ex-dividend on Nov 19, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 19, 2025 | Raise | $0.910 → $1.00 | +9.9% |
| Nov 20, 2024 | Raise | $0.825 → $0.910 | +10.3% |
| Nov 15, 2023 | Raise | $0.750 → $0.825 | +10.0% |
| Nov 15, 2022 | Raise | $0.580 → $0.750 | +29.3% |
| Feb 18, 2020 | Raise | $0.530 → $0.580 | +9.4% |
| Feb 19, 2019 | Raise | $0.460 → $0.530 | +15.2% |
| Feb 20, 2018 | Raise | $0.400 → $0.460 | +15.0% |
| Aug 14, 2017 | Raise | $0.360 → $0.400 | +11.1% |
| Aug 15, 2016 | Raise | $0.320 → $0.360 | +12.5% |
| Aug 17, 2015 | Raise | $0.250 → $0.320 | +28.0% |
| Aug 18, 2014 | Raise | $0.210 → $0.250 | +19.0% |
| Aug 19, 2013 | Raise | $0.175 → $0.210 | +20.0% |
Show all 14 changes since 2011
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 14, 2012 | Raise | $0.125 → $0.175 | +40.0% |
| Nov 14, 2011 | Raise | $0.100 → $0.125 | +25.0% |
Frequently Asked Questions
Is MPC a good dividend stock?
Yes. Marathon Petroleum Corporation (MPC) pays a quarterly dividend yielding 1.12% ($4.40/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is MPC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MPC's fair value is about $295.22 versus a $394.28 share price — so it looks overvalued (-25% vs. fair value).
Is MPC's dividend safe?
MPC has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is MPC's fair value?
Our blended fair-value estimate for MPC is about $295.22 per share, about 25% below the current $394.28 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MPC a buy, hold, or sell?
We don't issue formal ratings, but on the data MPC screens as "yes" and overvalued. Marathon Petroleum Corporation (MPC) pays a quarterly dividend yielding 1.12% ($4.40/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will MPC cut its dividend?
MPC earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MPC pay a dividend?
Yes. Marathon Petroleum Corporation pays a quarterly dividend of about $4.40 per share annually, a forward yield of roughly 1.12%.
How much dividend does 100 shares of MPC pay?
At $4.40 per share a year, 100 shares of MPC pay $440.00 a year in dividends before tax, about $110.00 each quarter. Buying them costs about $39,428 at the Nov 5, 2026 price.
What is MPC's dividend yield?
As of Nov 5, 2026, MPC's forward dividend yield is 1.12%, based on a $4.40 annual dividend and a $394.28 share price.
What is MPC's dividend per share?
As of Nov 5, 2026, MPC pays $4.40 per share per year, distributed on a quarterly basis.
What is MPC's dividend payout ratio?
As of Nov 5, 2026, MPC's payout ratio is 8% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has MPC grown its dividend?
As of Nov 5, 2026, MPC has increased its dividend for 4 consecutive years.
When is the next MPC ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for MPC is Nov 18, 2026.
MPC Price — Last 12 Months
Daily close
Price Return
1 Year
+130%
3 Years
+198%
5 Years
+631%
52-Week Range
$161.93 – $493.98
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MPC worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Marathon Petroleum Corporation is $295.22 per share, versus a market price of $394.28. That implies 25% of downside.
Fair Value
$295.22
Current Price
$394.28
Downside
-25%
Margin of Safety
-34%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.0% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $28.88 EPS, $4.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MPC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MPC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 19, 2026 | Sep 10, 2026 | $1.0000 | regular |
| May 20, 2026 | Jun 10, 2026 | $1.0000 | regular |
| Feb 18, 2026 | Mar 10, 2026 | $1.0000 | regular |
| Nov 19, 2025 | Dec 10, 2025 | $1.0000 | regular |
| Aug 20, 2025 | Sep 10, 2025 | $0.9100 | regular |
| May 21, 2025 | Jun 10, 2025 | $0.9100 | regular |
| Feb 19, 2025 | Mar 10, 2025 | $0.9100 | regular |
| Nov 20, 2024 | Dec 10, 2024 | $0.9100 | regular |
| Aug 21, 2024 | Sep 10, 2024 | $0.8250 | regular |
| May 15, 2024 | Jun 10, 2024 | $0.8250 | regular |
| Feb 20, 2024 | Mar 11, 2024 | $0.8250 | regular |
| Nov 15, 2023 | Dec 11, 2023 | $0.8250 | regular |
| Aug 15, 2023 | Sep 11, 2023 | $0.7500 | regular |
| May 16, 2023 | Jun 12, 2023 | $0.7500 | regular |
Income Calculator
At $4.40 / yr per share
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