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Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Marathon Petroleum Corporation (MPC) pays a $4.00 annual dividend ($1.00 quarterly), yielding 0.84% at $475.04/share. Next ex-dividend date 2026-08-19. 13+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.84%
Annual Dividend: $4.00 per share
Payout Ratio: 13.5%
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 across the U.S. Gulf Coast, Mid-Continent, and West Coast. MPC currently pays $4.00 per share annually, with a 1.02% yield and quarterly payments — 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 investors who want dividend growth 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, even if refining margins compress in a given quarter. Marathon Petroleum Corporation dividend safety benefits from that wide buffer, though the Refining and Marketing segment is exposed to commodity price cycles and crude oil input costs, which can swing earnings materially from year to year.
Over the past 13 years, Marathon Petroleum Corporation has grown its dividend at 15.1% per year. Per-share payments climbed from $0.60 in 2012 to $3.73 in 2025 (2026 is a partial year, Marathon Petroleum Corporation dividend 2026 data is incomplete). The largest annual increase in the window was 28.3% in 2013. Growth has not been uniform, but the direction has been unbroken across the full period.
| 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 | +12.6% | $1.14 (2015) | $3.73 (2025) |
MPC fits growth-and-income investors who prioritize dividend growth over current yield. The yield is low (below 2%) at 1.02% today, though that is already above the 5-year average of 0.76%, so the current entry point offers more income than the historical norm. What MPC delivers is a 15.1% annualized growth rate over 13 years and 13 consecutive years of increases, backed by a payout ratio of just 13.6%. The trade-off is straightforward: current income is modest, but the compounding rate on that income has been fast. Investors who accept a low starting yield in exchange for that growth pace are the natural fit for this stock.
| 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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