Current Yield
1.45%
TTM Dividend/Share
$3.91
Payment Frequency
Quarterly
Payout Ratio
25.5%
Consecutive Growth Years
5 (Dividend Challenger)
Key takeaways
- Dividend Challenger — Marathon Petroleum (MPC) has raised its dividend for 5 consecutive years.
- Marathon Petroleum (MPC) currently yields 1.45%, paying $3.91 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 25.5% — the share of earnings distributed as dividends.
- 7 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 9.96%.
Dividend yield valuation for Marathon Petroleum (MPC)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 1.45% |
1-year average yield | 2.30%now 0.85 pp below |
3-year average yield | 2.27%now 0.82 pp below |
5-year average yield | 2.52%now 1.07 pp below |
MPC: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Marathon Petroleum (MPC)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 11.4% |
FCF payout ratio | 5.2% |
Net debt / EBITDA | 2.6x |
Interest coverage | 4.76x |
ROIC (TTM) | 11.6% |
Dividend safety score for Marathon Petroleum (MPC)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
7 of 8 checks passed
Payout ratio below 75%
Payout ratio is 25.5%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $4.6B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown 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%) ≤ EPS growth (10.8%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
60 payments from 2011 to 2026 · Adj. Dividend is split-adjusted
| 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 |
- May 20, 2026$1.0000
- Feb 18, 2026$1.0000
- Nov 19, 2025$1.0000
- Aug 20, 2025$0.9100
- May 21, 2025$0.9100
- Feb 19, 2025$0.9100
- Nov 20, 2024$0.9100
- Aug 21, 2024$0.8250
- May 15, 2024$0.8250
- Feb 20, 2024$0.8250
- Nov 15, 2023$0.8250
- Aug 15, 2023$0.7500
Historical dividend yield for Marathon Petroleum (MPC)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.30%5Y: 2.52%10Y: 2.99%
Dividend per share for Marathon Petroleum (MPC)
CAGR (per year)1Y: 10.19%5Y: 9.96%10Y: 12.58%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 2011 | $0.23 | 2 |
| 2012 | $0.60 | 4 |
| 2013 | $0.77 | 4 |
| 2014 | $0.92 | 4 |
| 2015 | $1.14 | 4 |
| 2016 | $1.36 | 4 |
| 2017 | $1.52 | 4 |
| 2018 | $1.84 | 4 |
| 2019 | $2.12 | 4 |
| 2020 | $2.32 | 4 |
| 2021 | $2.32 | 4 |
| 2022 | $2.49 | 4 |
| 2023 | $3.08 | 4 |
| 2024 | $3.38 | 4 |
| 2025 | $3.73 | 4 |
| 2026 | $2.00 | 2 |
Dividend growth for Marathon Petroleum (MPC)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | — |
- 2026—
- 2025$3.7300
- 2024$3.3850
- 2023$3.0750
- 2022$2.4900
- 2021$2.3200
- 2020$2.3200
- 2019$2.1200
- 2018$1.8400
- 2017$1.5200
- 2016$1.3600
- 2015$1.1400
- 2014$0.9200
- 2013$0.7700
- 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.
Frequently asked questions
Marathon Petroleum (MPC) Key Financials
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