Marathon Petroleum (Marathon Petroleum) Dividend Payout Ratio

: 0.21 (As of Dec. 2023)

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Marathon Petroleum's dividend payout ratio for the months ended in Dec. 2023 was 0.21.

The historical rank and industry rank for Marathon Petroleum's Dividend Payout Ratio or its related term are showing as below:

MPC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: 1.06
Current: 0.13

During the past 13 years, the highest Dividend Payout Ratio of Marathon Petroleum was 1.06. The lowest was 0.09. And the median was 0.23.

MPC's Dividend Payout Ratio is ranked better than
89.8% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs MPC: 0.13

As of today (2024-04-24), the Dividend Yield % of Marathon Petroleum is 1.58%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Marathon Petroleum was 11.19%. The lowest was 1.40%. And the median was 2.51%.

Marathon Petroleum's Dividends per Share for the months ended in Dec. 2023 was $0.83.

During the past 12 months, Marathon Petroleum's average Dividends Per Share Growth Rate was 23.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Marathon Petroleum was 59.90% per year. The lowest was 5.50% per year. And the median was 16.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Marathon Petroleum Dividend Payout Ratio Historical Data

The historical data trend for Marathon Petroleum's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.56

1.06

0.09

0.13

Marathon Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.11	0.12	0.14	0.09	0.21

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marathon Petroleum Dividend Payout Ratio Distribution

For the Oil & Gas industry and Energy sector, Marathon Petroleum's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Marathon Petroleum's Dividend Payout Ratio falls into.

Marathon Petroleum Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Marathon Petroleum's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	3.075	/	23.63
	=	0.13

Marathon Petroleum's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.825	/	3.98
	=	0.21

Marathon Petroleum (NYSE:MPC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Marathon Petroleum Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Marathon Petroleum's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Marathon Petroleum (Marathon Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (NYSE:MPC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MPC:Mexico MPN:Germany MPN:Germany M1PC34:Brazil MPC:Austria

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

Executives

Carl Kristopher Hagedorn	officer: Senior VP and Controller	C/O CONE MIDSTREAM PARTNERS LP, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Rucker Kim K.w.	director	KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Shawn M Lyon	officer: SVP Log & Storage, MPLX GP LLC	C/O MPLX, 200 E HARDIN STREET, FINDLAY OH 45840
Gregory Scott Floerke	officer: Ex VP & COO, MPLX GP LLC	C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Timothy J Aydt	officer: Ex VP and CCO, MPLX GP LLC	C/O MPLX LP, 200 E. HARDIN STREET, FINDLAY OH 45840
Toni Townes-whitley	director	8340 SPRINGHAVEN GARDEN LANE, MCLEAN, VA X1 22102
Michael J Hennigan	officer: President & CEO, MPLX GP LLC	3807 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Suzanne Gagle	officer: VP and General Counsel	C/O MPC, FINDLAY OH 45840
Thomas Kaczynski	officer: VP, Finance and Treasurer	C/O MARATHON PETROLEUM CORPORATION, FINDLAY OH 45840
Raymond L Brooks	officer: Sr. VP, Refining	C/O MPC, FINDLAY OH 45840
Charles E Bunch	director	PPG INDUSTRIES INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian C Davis	officer: Exec VP, Chief Commercial Ofc	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Maryann T. Mannen	officer: Exec VP & Chief Fin Ofc	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Jonathan Z Cohen	director	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
James E Rohr	director	249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222