Marathon Petroleum Corporation
MPCEnergy · Stock · quarterly payer
Forward Yield
1.25%
Annual Dividend
$3.91
Payout Ratio
25%
5-Yr Growth
10.0%
Ex-Date
May 20, 2026
Frequency
Quarterly
Summary
As of July 2026, Marathon Petroleum Corporation (MPC) yields 1.25% ($3.91 per share annually), with a blended fair-value estimate of $244.98 — -22% downside, so it screens as overvalued. Dividend safety grade: A (88/100). 4 years of dividend growth.
Is MPC a good dividend stock?
YesMarathon Petroleum Corporation (MPC) pays a quarterly dividend yielding 1.25% ($3.91/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (25%)
- Strong 10.0% 5-yr dividend growth
- 427% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.25%
- Payout Ratio
- 25%
- Annual Dividend
- $3.91
- 5-Yr Avg Growth
- 10.0%
- Ex-Dividend Date
- May 20, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.52
- Market Cap
- $92.1B
- P/E Ratio
- 20.6
- 5-Yr Total Return
- 427%
- 52-Week Range
- $158.00 – $313.15
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
MPC Price — Last 12 Months
Daily close
Price Return
1 Year
+74%
3 Years
+119%
5 Years
+427%
52-Week Range
$158.00 – $313.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MPC worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Marathon Petroleum Corporation is $244.98 per share, versus a market price of $312.60. That implies 22% of downside.
Fair Value
$244.98
Current Price
$312.60
Downside
-22%
Margin of Safety
-28%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $15.19 EPS, $3.91 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MPC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 20, 2026 | — | $1.0000 | regular |
| Feb 18, 2026 | — | $1.0000 | regular |
| Nov 19, 2025 | — | $1.0000 | regular |
| Aug 20, 2025 | — | $0.9100 | regular |
| May 21, 2025 | — | $0.9100 | regular |
| Feb 19, 2025 | — | $0.9100 | regular |
| Nov 20, 2024 | — | $0.9100 | regular |
| Aug 21, 2024 | — | $0.8250 | regular |
| May 15, 2024 | — | $0.8250 | regular |
| Feb 20, 2024 | — | $0.8250 | regular |
| Nov 15, 2023 | — | $0.8250 | regular |
| Aug 15, 2023 | — | $0.7500 | regular |
| May 16, 2023 | — | $0.7500 | regular |
| Feb 15, 2023 | — | $0.7500 | regular |
Income Calculator
At $3.91 / yr per share
