Marathon Petroleum Corporation
MPCEnergy · Stock · quarterly payer
Forward Yield
0.94%
Annual Dividend
$4.00
Payout Ratio
14%
5-Yr Growth
10.0%
Ex-Date
Aug 19, 2026
Frequency
Quarterly
Summary
As of September 2026, Marathon Petroleum Corporation (MPC) yields 0.94% ($4.00 per share annually), with a blended fair-value estimate of $295.43 — -30% downside, so it screens as overvalued. Dividend safety grade: A (89/100). 4 years of dividend growth.
Is MPC a good dividend stock?
YesMarathon Petroleum Corporation (MPC) pays a quarterly dividend yielding 0.94% ($4.00/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 (14%)
- Strong 10.0% 5-yr dividend growth
- 544% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.94%
- Payout Ratio
- 14%
- Annual Dividend
- $4.00
- 5-Yr Avg Growth
- 10.0%
- Ex-Dividend Date
- Aug 19, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.53
- Market Cap
- $124.0B
- P/E Ratio
- 14.7
- 5-Yr Total Return
- 544%
- 52-Week Range
- $161.93 – $428.00
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
Frequently Asked Questions
MPC Price — Last 12 Months
Daily close
Price Return
1 Year
+118%
3 Years
+181%
5 Years
+544%
52-Week Range
$161.93 – $428.00
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 $295.43 per share, versus a market price of $424.89. That implies 30% of downside.
Fair Value
$295.43
Current Price
$424.89
Downside
-30%
Margin of Safety
-44%
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 -0.9% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $28.85 EPS, $4.00 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 19, 2026 | — | $1.0000 | regular |
| May 20, 2026 | — | $1.0000 | regular |
| Feb 18, 2026 | — | $1.0000 | regular |
| Nov 19, 2025 | — | $1.0000 | regular |
| Aug 20, 2025 | — | $0.9100 | regular |
| May 21, 2025 | — | $0.9100 | regular |
| Feb 19, 2025 | — | $0.9100 | regular |
| Nov 20, 2024 | — | $0.9100 | regular |
| Aug 21, 2024 | — | $0.8250 | regular |
| May 15, 2024 | — | $0.8250 | regular |
| Feb 20, 2024 | — | $0.8250 | regular |
| Nov 15, 2023 | — | $0.8250 | regular |
| Aug 15, 2023 | — | $0.7500 | regular |
| May 16, 2023 | — | $0.7500 | regular |
Income Calculator
At $4.00 / yr per share
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