The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): MPLX LP (MPLX) pays a $4.31 annual dividend ($1.08 quarterly), yielding 7.37% at $58.39/share. Next ex-dividend date 2026-08-07. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 7.37%
Annual Dividend: $4.31 per share
Payout Ratio: 90.0%
Ex-Dividend Date: 2026-08-07
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 14
MPLX Lp dividend income comes from one of the largest midstream energy infrastructure operators in the United States, handling natural gas gathering, crude oil transportation, and refined product storage across an extensive domestic network. The partnership currently pays a 7.24% dividend yield, with a trailing annual rate of $4.3060 per share paid quarterly. The next ex-dividend date is August 7, 2026, with the last quarterly payment of $1.0765 per share. A beta of 0.458 means MPLX stock moves at less than half the volatility of the broader market, which suits income investors who prioritize price steadiness alongside yield.
MPLX Lp pays out 110.5% of earnings as dividends, a payout ratio classified as high (above 75%). Midstream partnerships like MPLX often generate distributable cash flow that exceeds reported earnings due to depreciation and amortization, which can support payouts that appear to exceed 100% on a net income basis. MPLX Lp dividend safety faces its most direct pressure from that elevated ratio: there is limited room to absorb an earnings decline without revisiting the distribution level. The dividend history also contains at least one year-over-year decline exceeding 5%, which confirms the payout is not unconditionally protected.
MPLX Lp dividend history shows a CAGR of 11.8% per year from 2013 to 2025. Per-share payments grew from $1.0314 to $3.9460 over that period (2026 data is a partial year and excluded from the growth calculation). The largest single-year jump was 29.9% in 2014, while the streak of consecutive annual increases currently stands at 3 years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +10.9% | $2.89 (2022) | $3.95 (2025) |
| 5-Year | +7.5% | $2.75 (2020) | $3.95 (2025) |
| 10-Year | +8.8% | $1.70 (2015) | $3.95 (2025) |
MPLX Lp fits dividend investors who want a high current yield from a midstream infrastructure business and can accept an elevated payout ratio. At 7.24%, the yield is classified as high (above 4%) and sits well above the 5-year average of 5.67%, meaning buyers today are locking in a historically generous rate. The 11.8% long-term growth CAGR is attractive on paper, but the 110.5% payout ratio limits how much further the distribution can grow without earnings expansion. The trade-off is clear: strong current income from a lower-volatility partnership, offset by a payout that leaves little financial cushion.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-07 | $1.0765 |
| 2026-05-08 | $1.0765 |
| 2026-02-09 | $1.0765 |
| 2025-11-07 | $1.0765 |
| 2025-08-08 | $0.9565 |
| 2025-05-09 | $0.9565 |
| 2025-02-03 | $0.9565 |
| 2024-11-08 | $0.9565 |
| 2024-08-09 | $0.8500 |
| 2024-05-02 | $0.8500 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2295 |
| 2025 | $3.9460 |
| 2024 | $3.5065 |
| 2023 | $3.1750 |
| 2022 | $2.8900 |
Project income from MPLX with the MPLX dividend calculator or track your full portfolio with the dividend tracker.