Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
Marathon Petroleum Dividend Announcement
• Marathon Petroleum announced a quarterly dividend of $0.91 per ordinary share which will be made payable on 2024-12-10. Ex dividend date: 2024-11-20
• Marathon Petroleum annual dividend for 2024 was $3.38
• Marathon Petroleum annual dividend for 2023 was $3.08
• Marathon Petroleum's trailing twelve-month (TTM) dividend yield is 2.33%
• Marathon Petroleum's payout ratio for the trailing twelve months (TTM) is 25.92%
• Marathon Petroleum's dividend growth over the last five years (2018-2023) was 10.82% year
• Marathon Petroleum's dividend growth over the last ten years (2013-2023) was 7.16% year
Marathon Petroleum Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-20 | $0.91 | quarterly | 2024-12-10 |
| 2024-08-21 | $0.82 | quarterly | 2024-09-10 |
| 2024-05-15 | $0.82 | quarterly | 2024-06-10 |
| 2024-02-20 | $0.82 | quarterly | 2024-03-11 |
| 2023-11-15 | $0.82 | quarterly | 2023-12-11 |
| 2023-08-15 | $0.75 | quarterly | 2023-09-11 |
| 2023-05-16 | $0.75 | quarterly | 2023-06-12 |
| 2023-02-15 | $0.75 | quarterly | 2023-03-10 |
| 2022-11-15 | $0.75 | quarterly | 2022-12-12 |
| 2022-08-16 | $0.58 | quarterly | 2022-09-12 |
| 2022-05-17 | $0.58 | quarterly | 2022-06-10 |
| 2022-02-15 | $0.58 | quarterly | 2022-03-10 |
| 2021-11-16 | $0.58 | quarterly | 2021-12-10 |
| 2021-08-17 | $0.58 | quarterly | 2021-09-10 |
| 2021-05-18 | $0.58 | quarterly | 2021-06-10 |
| 2021-02-16 | $0.58 | quarterly | 2021-03-10 |
| 2020-11-17 | $0.58 | quarterly | 2020-12-10 |
| 2020-08-18 | $0.58 | quarterly | 2020-09-10 |
| 2020-05-19 | $0.58 | quarterly | 2020-06-10 |
| 2020-02-18 | $0.58 | quarterly | 2020-03-10 |
| 2019-11-19 | $0.53 | quarterly | 2019-12-10 |
| 2019-08-20 | $0.53 | quarterly | 2019-09-10 |
| 2019-05-15 | $0.53 | quarterly | 2019-06-10 |
| 2019-02-19 | $0.53 | quarterly | 2019-03-11 |
| 2018-11-20 | $0.46 | quarterly | 2018-12-10 |
| 2018-08-15 | $0.46 | quarterly | 2018-09-10 |
| 2018-05-15 | $0.46 | quarterly | 2018-06-11 |
| 2018-02-20 | $0.46 | quarterly | 2018-03-12 |
| 2017-11-15 | $0.40 | quarterly | 2017-12-11 |
| 2017-08-14 | $0.40 | quarterly | 2017-09-11 |
| 2017-05-15 | $0.36 | quarterly | 2017-06-12 |
| 2017-02-14 | $0.36 | quarterly | 2017-03-10 |
| 2016-11-14 | $0.36 | quarterly | 2016-12-12 |
| 2016-08-15 | $0.36 | quarterly | 2016-09-12 |
| 2016-05-16 | $0.32 | quarterly | 2016-06-10 |
| 2016-02-12 | $0.32 | quarterly | 2016-03-10 |
| 2015-11-16 | $0.32 | quarterly | 2015-12-10 |
| 2015-08-17 | $0.32 | quarterly | 2015-09-10 |
| 2015-05-18 | $0.50 | quarterly | 2015-06-10 |
| 2015-02-13 | $0.50 | quarterly | 2015-03-10 |
| 2014-11-17 | $0.50 | quarterly | 2014-12-10 |
| 2014-08-18 | $0.50 | quarterly | 2014-09-10 |
| 2014-05-19 | $0.42 | quarterly | 2014-06-10 |
| 2014-02-14 | $0.42 | quarterly | 2014-03-10 |
| 2013-11-18 | $0.42 | quarterly | 2013-12-10 |
| 2013-08-19 | $0.42 | quarterly | 2013-09-10 |
| 2013-05-14 | $0.35 | quarterly | 2013-06-10 |
| 2013-02-15 | $0.35 | quarterly | 2013-03-11 |
Marathon Petroleum Dividend per year
Marathon Petroleum Dividend growth
Marathon Petroleum Dividend Yield
Marathon Petroleum current trailing twelve-month (TTM) dividend yield is 2.33%. Interested in purchasing Marathon Petroleum stock? Use our calculator to estimate your expected dividend yield:
Marathon Petroleum Financial Ratios
P/E ratio10.65
PEG ratio0.23
P/B ratio2.54
ROE20.67%
Payout ratio25.92%
Current ratio1.23
Quick ratio0.76
Cash Ratio0.19
Marathon Petroleum Dividend FAQ
How much is the next Marathon Petroleum dividend?
Marathon Petroleum's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Marathon Petroleum dividend. The next Marathon Petroleum dividend will be released in February, May, August, or November.
When is Marathon Petroleum dividend paid?
Marathon Petroleum pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Marathon Petroleum pay?
The specific amount of Marathon Petroleum dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Marathon Petroleum's dividend history.
Does Marathon Petroleum stock pay dividends?
Yes, Marathon Petroleum does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Marathon Petroleum's dividend history.
How much dividend does Marathon Petroleum pay?
Marathon Petroleum paid $3.385 in 2024, $3.075 in 2023, $2.49 in 2022, $2.32 in 2021, and $2.32 in 2020.
How often does Marathon Petroleum pay dividends?
Marathon Petroleum typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Marathon Petroleum's dividend yield?
The current dividend yield for Marathon Petroleum is 2.33%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Marathon Petroleum's exact dividend yield.
When does Marathon Petroleum go ex dividend?
Marathon Petroleum's ex-dividend date for the latest dividend was on 2024-11-20. Marathon Petroleum typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Marathon Petroleum dividend paid?
Marathon Petroleum pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Marathon Petroleum increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Marathon Petroleum will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Marathon Petroleum dividend per share?
Marathon Petroleum paid $3.385 per share in 2024 and $3.075 per share in 2023. The amount of dividend per share that Marathon Petroleum pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Marathon Petroleum a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Marathon Petroleum a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Marathon Petroleum a dividend stock?
Yes, Marathon Petroleum is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Marathon Petroleum a good dividend stock?
Whether Marathon Petroleum is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Marathon Petroleum has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Marathon Petroleum as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Marathon Petroleum as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Marathon Petroleum pay dividends monthly?
Marathon Petroleum typically pays dividends on a quarterly basis.
Does Marathon Petroleum pay dividends quarterly?
Marathon Petroleum currently pays dividends on a quarterly basis.
Has Marathon Petroleum ever paid a dividend?
Yes, Marathon Petroleum has a history of paying dividends to its shareholders. Marathon Petroleum is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Marathon Petroleum dividend stocks?
To buy Marathon Petroleum you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Marathon Petroleum stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Marathon Petroleum stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Marathon Petroleum pay dividends 2024?
Marathon Petroleum pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Marathon Petroleum increase its dividend in 2024?
Decisions regarding Marathon Petroleum dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Marathon Petroleum dividend overview you can look into the above table of dividend history.
How Marathon Petroleum dividend works?
The Marathon Petroleum dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Marathon Petroleum's dividend process works:
1. Determination of Dividend: Marathon Petroleum's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Marathon Petroleum publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Marathon Petroleum distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Marathon Petroleum are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Marathon Petroleum's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Marathon Petroleum publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Marathon Petroleum distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Marathon Petroleum are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Marathon Petroleum dividends paid?
Marathon Petroleum dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Marathon Petroleum sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Marathon Petroleum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Marathon Petroleum declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Marathon Petroleum sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Marathon Petroleum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Marathon Petroleum declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Marathon Petroleum pay dividends?
Marathon Petroleum typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Marathon Petroleum pay dividends?
The general pattern is that Marathon Petroleum pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Marathon Petroleum dividend safe?
The safety of Marathon Petroleum's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Marathon Petroleum's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Marathon Petroleum's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Marathon Petroleum's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Marathon Petroleum's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.