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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Marathon Oil Corporation (MRO) pays a $0.44 annual dividend ($0.11 quarterly), yielding 1.54% at $28.55/share. Next ex-dividend date 2024-11-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.54%
Annual Dividend: $0.44 per share
Payout Ratio: 16.2%
Ex-Dividend Date: 2024-11-15
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 54
Marathon Oil Corporation dividend investors are working with a 1.54% yield from an independent upstream energy company focused on U.S. and international oil, natural gas, and NGL production. MRO pays $0.44 per share annually, distributed quarterly, with the most recent ex-dividend date on November 15, 2024. The last quarterly payment was $0.11 per share. With a beta of 2.161, this is a high-volatility energy stock, better suited to investors who can tolerate price swings than those seeking steady, low-risk income.
Marathon Oil Corporation pays out 16.2% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to absorb earnings pressure before the dividend comes under threat, which matters in an industry where crude oil and natural gas prices can swing sharply. Marathon Oil Corporation dividend safety is most at risk from commodity price downturns, which directly compress the upstream revenues that fund the payout.
Marathon Oil Corporation dividend history shows a CAGR of -1.6% per year from 2008 to 2024. The per-share annual dividend moved from $0.5728 to $0.4400 over that window, a net decline that reflects a significant cut during the 2015-2019 period. The largest annual increase in the window was 77.8% in 2022, though that followed years of deeply depressed payments rather than organic growth.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +34.7% | $0.18 (2021) | $0.44 (2024) |
| 5-Year | +17.1% | $0.20 (2018) | $0.44 (2024) |
| 10-Year | -4.8% | $0.72 (2013) | $0.44 (2024) |
MRO fits dividend investors who prioritize payout safety over income size. The yield is low (below 2%), and at 1.54% it sits above the 5-year average of 1.18%, which is a modest positive. The 16.2% payout ratio is the stock's clearest strength: it leaves the dividend well-protected even if upstream earnings soften. The trade-off is real, though. Growth is slow, the long-term CAGR is negative, and the dividend history includes a deep cut. What an investor gets here is a conservatively funded payout from a volatile energy producer, not a growing income stream.
| Payment Date | Amount per Share |
|---|---|
| 2024-11-15 | $0.1100 |
| 2024-08-21 | $0.1100 |
| 2024-05-14 | $0.1100 |
| 2024-02-20 | $0.1100 |
| 2023-11-14 | $0.1100 |
| 2023-08-15 | $0.1000 |
| 2023-05-16 | $0.1000 |
| 2023-02-14 | $0.1000 |
| 2022-11-15 | $0.0900 |
| 2022-08-16 | $0.0800 |
| Year | Total Dividends |
|---|---|
| 2024 | $0.4400 |
| 2023 | $0.4100 |
| 2022 | $0.3200 |
| 2021 | $0.1800 |
| 2019 | $0.2000 |
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