MPLX LP
MPLXEnergy · Stock · quarterly payer
Forward Yield
7.55%
Annual Dividend
$4.31
Payout Ratio
88%
5-Yr Growth
7.5%
Ex-Date
May 8, 2026
Frequency
Quarterly
Summary
As of July 2026, MPLX LP (MPLX) yields 7.55% ($4.31 per share annually), with a blended fair-value estimate of $103.68 — +82% upside, so it screens as undervalued. Dividend safety grade: B (79/100). 4 years of dividend growth.
Is MPLX a good dividend stock?
YesMPLX LP (MPLX) pays a quarterly dividend yielding 7.55% ($4.31/yr), with 4 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Strong 7.5% 5-yr dividend growth
- 103% total price return over 5 years
Risks
- Elevated payout ratio (88%)
Key Data
- Dividend Yield
- 7.55%
- Payout Ratio
- 88%
- Annual Dividend
- $4.31
- 5-Yr Avg Growth
- 7.5%
- Ex-Dividend Date
- May 8, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.45
- Market Cap
- $57.9B
- P/E Ratio
- 12.4
- 5-Yr Total Return
- 103%
- 52-Week Range
- $47.80 – $59.98
- Dividend Safety
- B · 79/100
- Ever Cut?
- No
Frequently Asked Questions
MPLX Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+64%
5 Years
+103%
52-Week Range
$47.80 – $59.98
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MPLX worth?
Undervaluedlow confidenceOur blended fair-value estimate for MPLX LP is $103.68 per share, versus a market price of $57.06. That implies 82% of upside — a margin of safety of about 45%.
Fair Value
$103.68
Current Price
$57.06
Upside
+82%
Margin of Safety
45%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream 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 -2.2% annual free-cash-flow growth. We model 6.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 6.9% stage-1 growth, 2.5% terminal growth, $4.62 EPS, $4.31 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MPLX Dividend Safety Score
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 8, 2026 | — | $1.0770 | regular |
| Feb 9, 2026 | — | $1.0770 | regular |
| Nov 7, 2025 | — | $1.0770 | regular |
| Aug 8, 2025 | — | $0.9570 | regular |
| May 9, 2025 | — | $0.9570 | regular |
| Feb 3, 2025 | — | $0.9570 | regular |
| Nov 8, 2024 | — | $0.9570 | regular |
| Aug 9, 2024 | — | $0.8500 | regular |
| May 2, 2024 | — | $0.8500 | regular |
| Feb 2, 2024 | — | $0.8500 | regular |
| Nov 2, 2023 | — | $0.8500 | regular |
| Aug 3, 2023 | — | $0.7750 | regular |
| May 4, 2023 | — | $0.7750 | regular |
| Feb 3, 2023 | — | $0.7750 | regular |
Income Calculator
At $4.31 / yr per share
