Marathon Petroleum (MPC) Dividend History & Yield
Dividend ChallengerMarathon Petroleum (MPC) has increased its dividend for 5 consecutive years and currently yields 1.51%. The most recent dividend was $1.0000/share on Mar 10, 2026, paid Quarterly.
Current Yield
1.51%
TTM Dividend/Share
$3.91
Payment Frequency
Quarterly
Payout Ratio
25.5%
Consecutive Growth Years
5 (Dividend Challenger)
Div Growth (1Y CAGR)
10.19%
Div Growth (5Y CAGR)
9.96%
Div Growth (10Y CAGR)
12.58%
MPC: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
11.5%
FCF payout ratio
5.2%
Net debt / EBITDA
2.6x
Interest coverage
4.76x
ROIC (TTM)
11.6%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 25.5%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($15.63) covers dividend/share ($3.91).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 5.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (10.0%) exceeds EPS growth (-34.6%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 20, 2026
- Payment date
- Jun 10, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Feb 18, 2026
- Payment date
- Mar 10, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Nov 19, 2025
- Payment date
- Dec 10, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Aug 20, 2025
- Payment date
- Sep 10, 2025
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date May 21, 2025
- Payment date
- Jun 10, 2025
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Feb 19, 2025
- Payment date
- Mar 10, 2025
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Nov 20, 2024
- Payment date
- Dec 10, 2024
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Aug 21, 2024
- Payment date
- Sep 10, 2024
- Dividend
- $0.8250
- Adj. dividend
- $0.8250
Ex-date May 15, 2024
- Payment date
- Jun 10, 2024
- Dividend
- $0.8250
- Adj. dividend
- $0.8250
Ex-date Feb 20, 2024
- Payment date
- Mar 11, 2024
- Dividend
- $0.8250
- Adj. dividend
- $0.8250
Ex-date Nov 15, 2023
- Payment date
- Dec 11, 2023
- Dividend
- $0.8250
- Adj. dividend
- $0.8250
Ex-date Aug 15, 2023
- Payment date
- Sep 11, 2023
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 20, 2026 | Jun 10, 2026 | $1.0000 | $1.0000 |
| Feb 18, 2026 | Mar 10, 2026 | $1.0000 | $1.0000 |
| Nov 19, 2025 | Dec 10, 2025 | $1.0000 | $1.0000 |
| Aug 20, 2025 | Sep 10, 2025 | $0.9100 | $0.9100 |
| May 21, 2025 | Jun 10, 2025 | $0.9100 | $0.9100 |
| Feb 19, 2025 | Mar 10, 2025 | $0.9100 | $0.9100 |
| Nov 20, 2024 | Dec 10, 2024 | $0.9100 | $0.9100 |
| Aug 21, 2024 | Sep 10, 2024 | $0.8250 | $0.8250 |
| May 15, 2024 | Jun 10, 2024 | $0.8250 | $0.8250 |
| Feb 20, 2024 | Mar 11, 2024 | $0.8250 | $0.8250 |
| Nov 15, 2023 | Dec 11, 2023 | $0.8250 | $0.8250 |
| Aug 15, 2023 | Sep 11, 2023 | $0.7500 | $0.7500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Marathon Petroleum has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 5 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.7300 | — | — |
| 2025 | $3.3850 | $3.7300 | +10.2% |
| 2024 | $3.0750 | $3.3850 | +10.1% |
| 2023 | $2.4900 | $3.0750 | +23.5% |
| 2022 | $2.3200 | $2.4900 | +7.3% |
| 2021 | $2.3200 | $2.3200 | 0.0% |
| 2020 | $2.1200 | $2.3200 | +9.4% |
| 2019 | $1.8400 | $2.1200 | +15.2% |
| 2018 | $1.5200 | $1.8400 | +21.1% |
| 2017 | $1.3600 | $1.5200 | +11.8% |
| 2016 | $1.1400 | $1.3600 | +19.3% |
| 2015 | $0.9200 | $1.1400 | +23.9% |
| 2014 | $0.7700 | $0.9200 | +19.5% |
| 2013 | $0.6000 | $0.7700 | +28.3% |
| 2012 | — | $0.6000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Marathon Petroleum (MPC) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.15B
YoY change
-1.2%
5Y CAGR
-5.5%
Peak year (2020)
$1.51B
Latest annual
$1.14B
Cash dividends paid over time for Marathon Petroleum (MPC)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Marathon Petroleum (MPC)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.14B | -1.2% | -$14.00M | ||
| 2024 | $1.15B | -8.5% | -$107.00M | ||
| 2023 | $1.26B | -1.4% | -$18.00M | ||
| 2022 | $1.28B | -13.8% | -$205.00M | ||
| 2021 | $1.48B | -1.7% | -$26.00M | ||
| 2020 | $1.51B | +8.0% | +$112.00M | ||
| 2019 | $1.40B | +46.5% | +$444.00M | ||
| 2018 | $954.00M | +23.4% | +$181.00M | ||
| 2017 | $773.00M | +7.5% | +$54.00M | ||
| 2016 | $719.00M | +17.3% | +$106.00M | ||
| 2015 | $613.00M | +17.0% | +$89.00M | ||
| 2014 | $524.00M | +8.3% | +$40.00M | ||
| 2013 | $484.00M | +18.9% | +$77.00M | ||
| 2012 | $407.00M | -56.8% | -$536.00M | ||
| 2011 | $943.00M | -29.1% | -$387.00M | ||
| 2010 | $1.33B | — | +$1.33B | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | — |
As of the 2025 fiscal year, Marathon Petroleum (MPC) reported dividends paid of $1.14B – edged down 1.2% year-over-year.
Marathon Petroleum dividends paid compound annual growth for the 2020–2025 (5 years) window is -5.5%, with a net decline across the window.
Between 2020 and 2025, Marathon Petroleum dividends paid declined 24.5%, falling from $1.51B to $1.14B.
The highest annual dividends paid of $1.51B was reported in 2020. The lowest in the available history was $0 in 2008.
Among 8 Energy peers, Marathon Petroleum (MPC) ranks 9th; the peer median for dividends paid is $3.30B.
Marathon Petroleum Dividends Paid 2025: $1.14B
Marathon Petroleum dividends paid in 2025 was $1.14B, edged down 1.2% below 2024.
Marathon Petroleum Dividends Paid 2024: $1.15B
Marathon Petroleum dividends paid in 2024 was $1.15B, declined 8.5% below 2023.
Marathon Petroleum Dividends Paid 2023: $1.26B
Marathon Petroleum dividends paid in 2023 was $1.26B, edged down 1.4% below 2022.
Marathon Petroleum Dividends Paid 2022: $1.28B
Marathon Petroleum dividends paid in 2022 was $1.28B, declined 13.8% below 2021.
Marathon Petroleum Dividends Paid 2021: $1.48B
Marathon Petroleum dividends paid in 2021 was $1.48B.
See more financial history for Marathon Petroleum (MPC).
Sector peers by dividends paid
Companies in the same sector as Marathon Petroleum, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $17.23B | Energy |
| Chevron (CVX) | $12.75B | Energy |
| Enbridge (ENB) | $11.27B | Energy |
| ConocoPhillips (COP) | $4.00B | Energy |
| Kinder Morgan (KMI) | $2.60B | Energy |
| Williams Companies (WMB) | $2.44B | Energy |
| EOG Resources (EOG) | $2.16B | Energy |
| SLB (SLB) | $1.60B | Energy |
Frequently asked questions
Does Marathon Petroleum pay dividends?
Yes, Marathon Petroleum (MPC) pays quarterly dividends of approximately $3.91 per share annually, yielding 1.51%.
What is Marathon Petroleum's dividend yield?
Marathon Petroleum (MPC) has a current dividend yield of 1.51%.
Is Marathon Petroleum's dividend safe?
Marathon Petroleum (MPC) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Marathon Petroleum increased its dividend?
Marathon Petroleum (MPC) has 5 consecutive years of dividend increases.
What is Marathon Petroleum's dividend payout ratio?
Marathon Petroleum (MPC) has a dividend payout ratio of 25.5%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Marathon Petroleum's dividends paid?
Latest reported dividends paid for Marathon Petroleum (MPC) is $1.15B (period ending March 31, 2026).
How has Marathon Petroleum dividends paid changed year-over-year?
Marathon Petroleum (MPC) dividends paid changed -1.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Marathon Petroleum dividends paid?
Marathon Petroleum (MPC) dividends paid compound annual growth rate is -5.5% over the most recent 5 years available.
When did Marathon Petroleum dividends paid hit its highest annual value?
Marathon Petroleum dividends paid reached its highest annual value of $1.51B in 2020.
What was Marathon Petroleum dividends paid in 2024?
Marathon Petroleum (MPC) dividends paid in 2024 was $1.15B.
What was Marathon Petroleum dividends paid in 2025?
Marathon Petroleum (MPC) dividends paid in 2025 was $1.14B.
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