← Back to declarations

MPLX MPLX Lp — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Energy / Oil & Gas Midstream

$59.89 ▲ $0.96(1.63%) as of Oct 30, 2026 06:20 UTC
Sponsored Advanced charts & data →

MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.

Dividend Snapshot

StatusRecently Increased
Last Dividend$1.0765Paid Aug 14, 2026
Forward Annual$4.84From the $1.2111 dividend declared Oct 27, 2026
FrequencyQuarterly
Last Ex-DateAug 07, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateNov 06, 2026$1.2111, declared Oct 27, 2026The ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.
Next Pay DateNov 13, 2026
1-Yr Growth12.5%Annual totals, 2024–2025
10-Yr Growth8.8%Annual totals, 2015–2025

Research Scores

Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.

Dividend Safety Score

86/100

Very strong indicators

Complete data

Dividend Growth Score

82/100

Very strong growth record

Complete data

Dividend Value Score

34/100

Above own historical valuation

Complete data

DividendRank

69/100

Upper middle of the scale

Complete data

How the Dividend Safety Score is built for MPLX
Dividend Safety Score inputs, points and weights
InputValuePointsWeight
Operating cash flow payout ratioOperating cash flow payout ratio 71% (TTM to Jun 30, 2026) 88 35%
Net debt / EBITDANet debt / EBITDA 3.4x (TTM to Jun 30, 2026) 90 25%
Interest coverageInterest coverage, EBITDA basis 6.7x (TTM to Jun 30, 2026) 77 10%
Dividend record13 years of uninterrupted regular payments 74 20%
Operating cash flow stabilityOperating cash flow positive in 5 of the last 5 fiscal years (FY2021–FY2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: master limited partnership. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for MPLX
Dividend Growth Score inputs, points and weights
InputValuePointsWeight
5-year dividend growth5-year dividend CAGR 7.5% (2020–2025) 87 25%
Consecutive annual increases12 consecutive annual increases (through 2025) 83 20%
Payout headroomHeadroom from the operating cash flow payout ratio 71% (TTM to Jun 30, 2026) 78 20%
Operating cash flow per share growth (3 years)Operating cash flow per share CAGR 5.3% (FY2022–FY2025) 76 15%
Revenue growth (3 years)Revenue CAGR 3.9% (FY2022–FY2025) 74 10%
10-year dividend growth10-year dividend CAGR 8.8% (2015–2025) 94 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: master limited partnership. Formula version 2026-10-19.4.

How the Dividend Value Score is built for MPLX
Dividend Value Score inputs, points and weights
InputValuePointsWeight
Yield vs own historyCurrent yield at the 33rd percentile of its 120 month-end yields 33 40%
P/OCF vs own 5-year medianP/OCF 10.0 is 1.47x its 5-year median of 6.8 2 25%
Operating cash flow yieldOperating cash flow yield 9.8% (TTM to Jun 30, 2026) 78 20%
P/OCF vs peersP/OCF 10.0 vs peer median 8.4 (1.20x; 11 mlp / Energy securities) 30 15%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: master limited partnership. Formula version 2026-10-19.4.

Key Metrics

Current Yield

8.09%

At the Oct 30, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$4.8444

Declared Oct 27, 2026

The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.

Frequency

Q Quarterly

How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

RSI (14)

62

As of Oct 30, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$50.29 – $60.51

Closes through Oct 23, 2026

The lowest and highest price over the past year, showing where today's price sits in its recent range.

Payout Ratio (TTM)

110.49%

12 months to Jun 30, 2026 (Q2 FY2026)

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

13

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

4.28

Price as of Oct 25, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Meets the Solid check: Dividend Safety Score 86/100 and yield 8.09%.
A Accelerating
12 consecutive years of dividend increases.
F Flawless
No calendar year's regular dividend total fell more than 20% below the year before, and no suspension of the regular dividend is on record.
E Enduring
13 year(s) of payments on record, under the 20 this check looks for.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume983,720Oct 23, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$58.43Oct 23, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$58.10 – $59.23Oct 23, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$58.18Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$60.72BAs of Oct 30, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out1.01BImplied by market cap, Oct 30, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$4.6712 months to Jun 30, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)12.7Price as of Oct 25, 2026; earnings to Jun 30, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateAug 07, 2026Paid Aug 14, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateNov 06, 2026Pays Nov 13, 2026; declaredThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)10.9%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)7.5%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded.
Consecutive Increases12 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

How often a record like this ends in a cut

Years the payout rose12Since Jan 2013
Rank among payers932of 2,430 with a record
Years it fell over 20%0in 12 comparable years
Of peers with 10 to 24 up years75%also cut at some point

MPLX has raised its annual dividend in 12 separate years since January 2013, which ranks 932 among the 2,430 payers with a comparable record in our dataset. No year in that span saw the annual total fall by more than a fifth.

Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.

Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.

Why the Yield Moved (90 Days)

MPLX's dividend yield rose from 7.31% to 8.09% over the past ~90 days (+0.78 pp). Of that move, +0.90 pp came from changes in the dividend rate and -0.12 pp from the share price ($58.91 on Aug 03, 2026 → $59.89 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.

Yield vs Its Own History

Current8.09%
1-Yr Average7.65%
Low / High7.12% – 8.56%
Percentile92%

Across 272 daily observations over the past 13 months (through Oct 23, 2026), MPLX's current yield is higher than approximately 92% of them. Our stored price history for MPLX covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$1.2111 Q Regular upcoming, declared Oct 27, 2026 Nov 06, 2026 Nov 06, 2026 Nov 13, 2026
$1.0765 Q Regular Jul 28, 2026 Aug 07, 2026 Aug 07, 2026 Aug 14, 2026
$1.0765 Q Regular Apr 28, 2026 May 08, 2026 May 08, 2026 May 15, 2026
$1.0765 Q Regular Jan 29, 2026 Feb 09, 2026 Feb 09, 2026 Feb 17, 2026
$1.0765 Q Regular Oct 28, 2025 Nov 07, 2025 Nov 07, 2025 Nov 14, 2025
$0.9565 Q Regular Jun 30, 2025 Aug 08, 2025 Aug 08, 2025 Aug 15, 2025
$0.9565 Q Regular Apr 29, 2025 May 09, 2025 May 09, 2025 May 16, 2025
$0.9565 Q Regular Jan 22, 2025 Feb 03, 2025 Feb 03, 2025 Feb 14, 2025
$0.9565 Q Regular Oct 29, 2024 Nov 08, 2024 Nov 08, 2024 Nov 15, 2024
$0.8500 Q Regular Jul 30, 2024 Aug 09, 2024 Aug 09, 2024 Aug 16, 2024
$0.8500 Q Regular Apr 23, 2024 May 02, 2024 May 03, 2024 May 13, 2024
$0.8500 Q Regular Jan 24, 2024 Feb 02, 2024 Feb 05, 2024 Feb 14, 2024
$0.8500 Q Regular Oct 24, 2023 Nov 02, 2023 Nov 03, 2023 Nov 13, 2023
$0.7750 Q Regular Jul 25, 2023 Aug 03, 2023 Aug 04, 2023 Aug 14, 2023
$0.7750 Q Regular Apr 25, 2023 May 04, 2023 May 05, 2023 May 15, 2023
$0.7750 Q Regular Jan 11, 2023 Feb 03, 2023 Feb 06, 2023 Feb 14, 2023
$0.7750 Q Regular Nov 01, 2022 Nov 14, 2022 Nov 15, 2022 Nov 22, 2022
$0.7050 Q Regular Jul 26, 2022 Aug 04, 2022 Aug 05, 2022 Aug 12, 2022
$0.7050 Q Regular Apr 26, 2022 May 05, 2022 May 06, 2022 May 13, 2022
$0.7050 S Regular Jan 25, 2022 Feb 03, 2022 Feb 04, 2022 Feb 14, 2022
$1.2800 S Regular Nov 02, 2021 Nov 10, 2021 Nov 12, 2021 Nov 19, 2021
$0.6880 Q Regular Jun 27, 2021 Aug 05, 2021 Aug 06, 2021 Aug 13, 2021
$0.6875 Q Regular Apr 27, 2021 May 06, 2021 May 07, 2021 May 14, 2021
$0.6875 Q Regular Jan 28, 2021 Feb 05, 2021 Feb 08, 2021 Feb 12, 2021
$0.6875 Q Regular Oct 27, 2020 Nov 05, 2020 Nov 06, 2020 Nov 13, 2020
$0.6875 Q Regular Jul 28, 2020 Aug 06, 2020 Aug 07, 2020 Aug 14, 2020
$0.6875 Q Regular Apr 28, 2020 May 07, 2020 May 08, 2020 May 15, 2020
$0.6875 Q Regular Jan 23, 2020 Feb 03, 2020 Feb 04, 2020 Feb 14, 2020
$0.6780 Q Regular Oct 25, 2019 Nov 01, 2019 Nov 04, 2019 Nov 14, 2019
$0.6675 Q Regular Jul 22, 2019 Aug 02, 2019 Aug 05, 2019 Aug 14, 2019
$0.6575 Q Regular Apr 29, 2019 May 08, 2019 May 09, 2019 May 15, 2019
$0.6475 Q Regular Jan 25, 2019 Feb 04, 2019 Feb 05, 2019 Feb 14, 2019
$0.6375 Q Regular Oct 26, 2018 Nov 02, 2018 Nov 05, 2018 Nov 14, 2018
$0.6275 Q Regular Jul 25, 2018 Aug 03, 2018 Aug 06, 2018 Aug 14, 2018
$0.6175 Q Regular Apr 25, 2018 May 04, 2018 May 07, 2018 May 15, 2018
$0.6075 Q Regular Jan 26, 2018 Feb 02, 2018 Feb 05, 2018 Feb 14, 2018
$0.5875 Q Regular Oct 26, 2017 Nov 03, 2017 Nov 06, 2017 Nov 14, 2017
$0.5625 Q Regular Jul 27, 2017 Aug 03, 2017 Aug 07, 2017 Aug 14, 2017
$0.5400 Q Regular Apr 26, 2017 May 04, 2017 May 08, 2017 May 15, 2017
$0.5200 Q Regular Jan 26, 2017 Feb 02, 2017 Feb 06, 2017 Feb 14, 2017
$0.5150 Q Regular Oct 25, 2016 Nov 02, 2016 Nov 04, 2016 Nov 14, 2016
$0.5100 Q Regular Jul 22, 2016 Jul 29, 2016 Aug 02, 2016 Aug 12, 2016
$0.5050 Q Regular Apr 19, 2016 Apr 29, 2016 May 03, 2016 May 13, 2016
$0.5000 Q Regular Jan 25, 2016 Feb 02, 2016 Feb 04, 2016 Feb 12, 2016
$0.4700 Q Regular Oct 20, 2015 Oct 30, 2015 Nov 03, 2015 Nov 13, 2015
$0.4400 Q Regular Jul 22, 2015 Jul 31, 2015 Aug 04, 2015 Aug 14, 2015
$0.4100 Q Regular Apr 21, 2015 May 01, 2015 May 05, 2015 May 15, 2015
$0.3825 Q Regular Jan 21, 2015 Jan 30, 2015 Feb 03, 2015 Feb 13, 2015
$0.3575 Q Regular Oct 21, 2014 Oct 31, 2014 Nov 04, 2014 Nov 14, 2014
$0.3425 Q Regular Jul 23, 2014 Jul 31, 2014 Aug 04, 2014 Aug 14, 2014
$0.3280 Q Regular Apr 22, 2014 May 01, 2014 May 05, 2014 May 15, 2014
$0.3125 Q Regular Jan 24, 2014 Jan 31, 2014 Feb 04, 2014 Feb 14, 2014
$0.2975 Q Regular Oct 22, 2013 Oct 31, 2013 Nov 04, 2013 Nov 14, 2013
$0.2850 Q Regular Jul 23, 2013 Jul 31, 2013 Aug 02, 2013 Aug 14, 2013
$0.2725 Q Regular May 01, 2013 May 08, 2013 May 10, 2013 May 17, 2013
$0.1769 Q Regular Jan 28, 2013 Jan 31, 2013 Feb 04, 2013 Feb 14, 2013

Peer Comparison

Selected Oil & Gas Midstream dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
HESM Hess Midstream LP 9.90% 10.8% 7 yrs 77
WES Western Midstream Partners, LP 8.12% 18.3% 4 yrs 76
EE Excelerate Energy, Inc. 1.03% N/A 2 yrs 70
EPD Enterprise Products Partners L.P. 5.74% 3.9% 26 yrs 70

MPLX dividend — frequently asked questions

Does MPLX Lp pay a dividend?

Yes. MPLX Lp (MPLX) currently pays a dividend. The annualized dividend is about $4.84 per share, a yield of approximately 8.09%.

What is MPLX Lp's dividend yield?

MPLX Lp's dividend yield is approximately 8.09%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does MPLX Lp pay dividends?

MPLX Lp pays dividends quarterly — 4 times per year.

When is MPLX Lp's next ex-dividend date?

The next declared ex-dividend date for MPLX Lp is November 6, 2026. The associated payment is $1.2111 per share; you must own the shares before the ex-dividend date to receive it.

How long has MPLX Lp paid dividends?

MPLX Lp has 13 years of dividend payments on record, and has increased its dividend for 12 consecutive years.

Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.