Marathon Petroleum (MPC) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $4.00
- Forward yield
- 0.87%
- Payout ratio
- 15.1%
- Growth streak
- 4 years
Marathon Petroleum pays a quarterly dividend of $1.00 per share. Its most recent payment had an ex-date of August 19, 2026 and was paid on September 10, 2026. Over the trailing twelve months, it paid $4.00 per share, a yield of about 0.9% at a share price of $422.33.
The record shows a steady annual rhythm. Marathon Petroleum has raised its dividend once a year, each time with the payment that goes ex-dividend in mid-November. The rate went from $0.58 to $0.75 in 2022, a raise of about 29%. Later raises were smaller, to $0.83 in 2023, $0.91 in 2024 and $1.00 in 2025, each about 10%. Since late 2021, the quarterly rate has grown about 72%. Payments by calendar year rose from $2.49 in 2022 to $3.73 in 2025. The company has increased its dividend for four consecutive years.
If the pattern holds, the next payment would go ex-dividend in mid to late November 2026 and be paid around December 10. That is the payment where past raises have appeared.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 29, 2026 | Aug 19, 2026 | Sep 10, 2026 | $1.00 |
| Apr 29, 2026 | May 20, 2026 | Jun 10, 2026 | $1.00 |
| Jan 30, 2026 | Feb 18, 2026 | Mar 10, 2026 | $1.00 |
| Oct 29, 2025 | Nov 19, 2025 | Dec 10, 2025 | $1.00 |
| Jul 30, 2025 | Aug 20, 2025 | Sep 10, 2025 | $0.91 |
| Apr 30, 2025 | May 21, 2025 | Jun 10, 2025 | $0.91 |
| Jan 24, 2025 | Feb 19, 2025 | Mar 10, 2025 | $0.91 |
| Oct 30, 2024 | Nov 20, 2024 | Dec 10, 2024 | $0.91 |
| Jul 31, 2024 | Aug 21, 2024 | Sep 10, 2024 | $0.83 |
| Apr 24, 2024 | May 15, 2024 | Jun 10, 2024 | $0.83 |
| Jan 26, 2024 | Feb 20, 2024 | Mar 11, 2024 | $0.83 |
| Oct 25, 2023 | Nov 15, 2023 | Dec 11, 2023 | $0.83 |
| Jul 26, 2023 | Aug 15, 2023 | Sep 11, 2023 | $0.75 |
| Apr 26, 2023 | May 16, 2023 | Jun 12, 2023 | $0.75 |
| Jan 27, 2023 | Feb 15, 2023 | Mar 10, 2023 | $0.75 |
| Nov 1, 2022 | Nov 15, 2022 | Dec 12, 2022 | $0.75 |
| Jul 27, 2022 | Aug 16, 2022 | Sep 12, 2022 | $0.58 |
| Apr 27, 2022 | May 17, 2022 | Jun 10, 2022 | $0.58 |
| Jan 27, 2022 | Feb 15, 2022 | Mar 10, 2022 | $0.58 |
| Oct 27, 2021 | Nov 16, 2021 | Dec 10, 2021 | $0.58 |
Frequently asked questions
Does Marathon Petroleum (MPC) pay a dividend?
Yes. Marathon Petroleum pays a quarterly dividend; the most recent payment was $1.00 per share.
What is MPC's dividend yield?
Marathon Petroleum paid $4.00 per share over the trailing twelve months, a yield of 0.87% at the last price of $457.31. Click here to learn more
When is MPC's most recent ex-dividend date?
Marathon Petroleum's most recent ex-dividend date is Aug 19, 2026, payable on Sep 10, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has MPC been raising its dividend?
Yes — Marathon Petroleum has increased its dividend for 4 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.