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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Marathon Petroleum Corporation (MPC) pays a $4.00 annual dividend ($1.00 quarterly), yielding 1.03% at $388.90/share. Next ex-dividend date 2026-08-19. 9 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.03%
Annual Dividend: $4.00 per share
Payout Ratio: 13.6%
Ex-Dividend Date: 2026-08-19
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 16
Marathon Petroleum Corporation dividend reflects a downstream energy business built around refining crude oil into transportation fuels, asphalt, and chemicals, with midstream operations spanning pipelines, terminals, and barges. MPC currently pays a 1.03% dividend yield, with a trailing annual dividend rate of $4.00 per share paid quarterly. The next ex-dividend date is August 19, 2026. With a beta of 0.527, MPC stock moves at roughly half the volatility of the broader market, which suits growth-and-income investors who want dividend expansion without extreme price swings.
Marathon Petroleum Corporation pays out 13.6% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial earnings coverage for the dividend, supported by MPC's dual-segment business spanning both refining and midstream operations across the U.S. Gulf Coast, Mid-Continent, and West Coast. Marathon Petroleum Corporation dividend safety faces its primary pressure from commodity price cycles, since refining margins can compress sharply when crude oil spreads narrow, which the historical table reflects in the year-over-year declines seen in 2015 and 2016.
Marathon Petroleum Corporation dividend history shows a CAGR of 9.1% per year from 2012 to 2025. The per-share dividend grew from $1.20 in 2012 to $3.73 in 2025 (2026 is a partial year, with $3.00 paid so far as of the current date). The largest annual increase in the window was 28.3% in 2013, while the history also contains at least one year-over-year decline exceeding 5%, reflecting the sensitivity of refining economics to commodity cycles.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +14.4% | $2.49 (2022) | $3.73 (2025) |
| 5-Year | +10.0% | $2.32 (2020) | $3.73 (2025) |
| 10-Year | +8.6% | $1.64 (2015) | $3.73 (2025) |
MPC fits growth-and-income investors who prioritize dividend expansion over immediate income, given a 9.1% annual growth rate over 13 years paired with a yield that is low (below 2%) today. At 1.03%, the current yield sits above the 5-year average of 0.77%, meaning the dividend has grown faster than the stock price over that period. Nine consecutive years of increases and a 13.6% payout ratio give the dividend room to keep growing. The trade-off is straightforward: income today is modest, but the compounding growth rate is the real story for investors willing to wait.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-19 | $1.0000 |
| 2026-05-20 | $1.0000 |
| 2026-02-18 | $1.0000 |
| 2025-11-19 | $1.0000 |
| 2025-08-20 | $0.9100 |
| 2025-05-21 | $0.9100 |
| 2025-02-19 | $0.9100 |
| 2024-11-20 | $0.9100 |
| 2024-08-21 | $0.8250 |
| 2024-05-15 | $0.8250 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.0000 |
| 2025 | $3.7300 |
| 2024 | $3.3850 |
| 2023 | $3.0750 |
| 2022 | $2.4900 |
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