MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.
MPLX Dividend Announcement
• MPLX announced a quarterly dividend of $0.96 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-11-08
• MPLX annual dividend for 2024 was $3.51
• MPLX annual dividend for 2023 was $3.17
• MPLX's trailing twelve-month (TTM) dividend yield is 9.64%
• MPLX's payout ratio for the trailing twelve months (TTM) is 80.24%
• MPLX's dividend growth over the last five years (2018-2023) was 4.98% year
• MPLX's dividend growth over the last ten years (2013-2023) was 11.89% year
MPLX Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-08 | $0.96 | quarterly | 2024-11-15 |
| 2024-08-09 | $0.85 | quarterly | 2024-08-16 |
| 2024-05-02 | $0.85 | quarterly | 2024-05-13 |
| 2024-02-02 | $0.85 | quarterly | 2024-02-14 |
| 2023-11-02 | $0.85 | quarterly | 2023-11-13 |
| 2023-08-03 | $0.78 | quarterly | 2023-08-14 |
| 2023-05-04 | $0.78 | quarterly | 2023-05-15 |
| 2023-02-03 | $0.78 | quarterly | 2023-02-14 |
| 2022-11-14 | $0.78 | quarterly | 2022-11-22 |
| 2022-08-04 | $0.70 | quarterly | 2022-08-12 |
| 2022-05-05 | $0.70 | quarterly | 2022-05-13 |
| 2022-02-03 | $0.70 | quarterly | 2022-02-14 |
| 2021-11-10 | $1.28 | quarterly | 2021-11-19 |
| 2021-08-05 | $0.69 | quarterly | 2021-08-13 |
| 2021-05-06 | $0.69 | quarterly | 2021-05-14 |
| 2021-02-05 | $0.69 | quarterly | 2021-02-12 |
| 2020-11-05 | $0.69 | quarterly | 2020-11-13 |
| 2020-08-06 | $0.69 | quarterly | 2020-08-14 |
| 2020-05-07 | $0.69 | quarterly | 2020-05-15 |
| 2020-02-03 | $0.69 | quarterly | 2020-02-14 |
| 2019-11-01 | $0.68 | quarterly | 2019-11-14 |
| 2019-08-02 | $0.67 | quarterly | 2019-08-14 |
| 2019-05-08 | $0.66 | quarterly | 2019-05-15 |
| 2019-02-04 | $0.65 | quarterly | 2019-02-14 |
| 2018-11-02 | $0.64 | quarterly | 2018-11-14 |
| 2018-08-03 | $0.63 | quarterly | 2018-08-14 |
| 2018-05-04 | $0.62 | quarterly | 2018-05-15 |
| 2018-02-02 | $0.61 | quarterly | 2018-02-14 |
| 2017-11-03 | $0.59 | quarterly | 2017-11-14 |
| 2017-08-03 | $0.56 | quarterly | 2017-08-14 |
| 2017-05-04 | $0.54 | quarterly | 2017-05-15 |
| 2017-02-02 | $0.52 | quarterly | 2017-02-14 |
| 2016-11-02 | $0.52 | quarterly | 2016-11-14 |
| 2016-07-29 | $0.51 | quarterly | 2016-08-12 |
| 2016-04-29 | $0.51 | quarterly | 2016-05-13 |
| 2016-02-02 | $0.50 | quarterly | 2016-02-12 |
| 2015-10-30 | $0.47 | quarterly | 2015-11-13 |
| 2015-07-31 | $0.44 | quarterly | 2015-08-14 |
| 2015-05-01 | $0.41 | quarterly | 2015-05-15 |
| 2015-01-30 | $0.38 | quarterly | 2015-02-13 |
| 2014-10-31 | $0.36 | quarterly | 2014-11-14 |
| 2014-07-31 | $0.34 | quarterly | 2014-08-14 |
| 2014-05-01 | $0.33 | quarterly | 2014-05-15 |
| 2014-01-31 | $0.31 | quarterly | 2014-02-14 |
| 2013-10-31 | $0.30 | quarterly | 2013-11-14 |
| 2013-07-31 | $0.28 | quarterly | 2013-08-14 |
| 2013-05-08 | $0.27 | quarterly | 2013-05-17 |
| 2013-01-31 | $0.18 | quarterly | 2013-02-14 |
MPLX Dividend per year
MPLX Dividend growth
MPLX Dividend Yield
MPLX current trailing twelve-month (TTM) dividend yield is 9.64%. Interested in purchasing MPLX stock? Use our calculator to estimate your expected dividend yield:
MPLX Financial Ratios
P/E ratio10.82
PEG ratio-0.20
P/B ratio3.43
ROE32.39%
Payout ratio80.24%
Current ratio0.99
Quick ratio0.95
Cash Ratio0.57
MPLX Dividend FAQ
How much is the next MPLX dividend?
MPLX's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next MPLX dividend. The next MPLX dividend will be released in February, May, August, or November.
When is MPLX dividend paid?
MPLX 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 MPLX pay?
The specific amount of MPLX 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 MPLX's dividend history.
Does MPLX stock pay dividends?
Yes, MPLX 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 MPLX's dividend history.
How much dividend does MPLX pay?
MPLX paid $3.506 in 2024, $3.175 in 2023, $2.89 in 2022, $3.343 in 2021, and $2.75 in 2020.
How often does MPLX pay dividends?
MPLX 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 MPLX's dividend yield?
The current dividend yield for MPLX is 9.64%. 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 MPLX's exact dividend yield.
When does MPLX go ex dividend?
MPLX's ex-dividend date for the latest dividend was on 2024-11-08. MPLX 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 MPLX dividend paid?
MPLX pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will MPLX 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 MPLX 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 MPLX dividend per share?
MPLX paid $3.506 per share in 2024 and $3.175 per share in 2023. The amount of dividend per share that MPLX 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 MPLX 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 MPLX 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 MPLX a dividend stock?
Yes, MPLX is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is MPLX a good dividend stock?
Whether MPLX is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. MPLX has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating MPLX 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 MPLX 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 MPLX pay dividends monthly?
MPLX typically pays dividends on a quarterly basis.
Does MPLX pay dividends quarterly?
MPLX currently pays dividends on a quarterly basis.
Has MPLX ever paid a dividend?
Yes, MPLX has a history of paying dividends to its shareholders. MPLX is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy MPLX dividend stocks?
To buy MPLX 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 MPLX 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 MPLX 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 MPLX pay dividends 2024?
MPLX pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-15. 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 MPLX increase its dividend in 2024?
Decisions regarding MPLX 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 MPLX dividend overview you can look into the above table of dividend history.
How MPLX dividend works?
The MPLX 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 MPLX's dividend process works:
1. Determination of Dividend: MPLX'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, MPLX 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, MPLX 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 MPLX 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: MPLX'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, MPLX 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, MPLX 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 MPLX 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 MPLX dividends paid?
MPLX dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: MPLX 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, MPLX distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MPLX 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: MPLX 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, MPLX distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MPLX 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 MPLX pay dividends?
MPLX 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 MPLX pay dividends?
The general pattern is that MPLX 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 MPLX dividend safe?
The safety of MPLX'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 MPLX'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 MPLX'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 MPLX'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 MPLX'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.