Trailing Dividend / Share
$3.94
MPLX Lp (MPLX) Dividend History
Income profile from 2013 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
6.9%
Payout Ratio
81.8%
Watch
Dividend Streak
4 years
MPLX Dividend Income Check
Safety
81.8% payout ratio with watch safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 18.0% and trend is rising.
MPLX Dividend Scorecard
Yield & Income
Dividend Yield6.9%
Trailing DPS$3.94
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout81.8%
Earnings SafetyWatch
FCF Payout80.3%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak4 years
3Y CAGR10.9%
5Y CAGR7.5%
Yield on Cost (5Y)18.0%
YOC Trendrising
Total Returns
Buyback Yield0.7%
Total Shareholder Yield7.6%
1Y Total Return20.5%
5Y Total Return149.7%
Div Contribution (5Y)59.0%
Estimated $10K growth (return + dividends):
5Y ago$25,20210Y ago$26,59120Y ago$33,620
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MPLX Income Growth Story
Dividend per share and yield on cost over time (14 years of payments)
MPLX Dividend Safety Story
EPS is the container — dividend is what's drawn out
Get MPLX's next ex-dividend date and payout in your inbox
Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
MPLX Lp distributes 81.8% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 80.3%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
MPLX has raised its dividend for 4 consecutive years, with a 3-year CAGR of 10.9% and 5-year CAGR of 7.5%.
Total Shareholder Returns
Beyond cash dividends, MPLX returns capital through share repurchases. The combined picture: 6.9% dividend yield, 0.7% buyback yield, 7.6% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 18.0% and is currently rising. The 5-year total return is 149.7%, with dividends contributing 59.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $26,591 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
MPLX Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$17.64
Avg/Payment$0.8819
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 8, 2026Latest | $1.0765 | — | 7.75% | May 15, 2026 |
| Feb 9, 2026 | $1.0765 | — | 7.39% | Feb 17, 2026 |
| Nov 7, 2025 | $1.0765 | ↑ +12.5% | 7.70% | Nov 14, 2025 |
| Aug 8, 2025 | $0.9565 | — | 7.59% | Aug 15, 2025 |
| May 9, 2025 | $0.9565 | — | 7.57% | May 16, 2025 |
| Feb 3, 2025 | $0.9565 | — | 7.03% | Feb 14, 2025 |
| Nov 8, 2024 | $0.9565 | ↑ +12.5% | 7.63% | Nov 15, 2024 |
| Aug 9, 2024 | $0.8500 | — | 8.34% | Aug 16, 2024 |
MPLX Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
6.9%
#2 of 9
Safety
Watch
81.8% payout
Streak
4Y
7.5% 5Y CAGR
Total Shareholder
7.6%
#3 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd MPLXMPLX Lp | $57.8B | 6.9% | 81.8% | 4 | Watch |
 EPDEnterprise Products … | $78.9B | 5.9% | 80.5% | 28 | Watch |
 ETEnergy Transfer LP | $66.2B | 6.7% | 96.4% | 4 | At Risk |
3rd  PAAPlains All American … | $15.7B | 6.8% | 74.6% | 4 | Watch |
1st  WESWestern Midstream Pa… | $17.2B | 8.1% | 1.2% | 4 | Sustainable |
 TRGPTarga Resources Corp… | $56.6B | 1.4% | 44.4% | 4 | Sustainable |
 AMAntero Midstream Cor… | $10.5B | 4.1% | 1.1% | 0 | Sustainable |
 KMIKinder Morgan, Inc. | $70.5B | 3.7% | 85.2% | 8 | At Risk |
 WMBThe Williams Compani… | $89.1B | 2.7% | 93.3% | 8 | At Risk |
MPLX Annual Dividend History (2011–2026)
16 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.15 | — | 2 | — | — | — | 9.8% |
| 2025 | $3.95 | 12.5% | 4 | $4.82 | 81.9% | 1.22x | 18.0% |
| 2024 | $3.51 | 10.4% | 4 | $4.21 | 83.3% | 1.20x | 16.0% |
| 2023 | $3.18 | 9.9% | 4 | $3.82 | 83.1% | 1.20x | 14.5% |
| 2022 | $2.89 | -13.5% | 4 | $3.75 | 77.1% | 1.30x | 13.2% |
| 2021 | $3.34 | 21.5% | 4 | $2.86 | 116.9% | 0.86x | 15.2% |
| 2020 | $2.75 | 3.8% | 4 | $-0.80 | — | — | 12.5% |
| 2019 | $2.65 | 6.4% | 4 | $1.03 | 257.3% | 0.39x | 12.1% |
| 2018 | $2.49 | 12.7% | 4 | $2.39 | 104.2% | 0.96x | 11.3% |
| 2017 | $2.21 | 8.9% | 4 | $1.06 | 208.5% | 0.48x | 10.1% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
13+ years return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
MPLX — Frequently Asked Questions
Quick answers to the most common questions about buying MPLX stock.
How much dividend does MPLX pay per share?
MPLX Lp (MPLX) pays a trailing 12-month dividend of $3.94 per share, with a current dividend yield of +6.9%. Payments are made Semi-Annual.
When is MPLX's next ex-dividend date?
MPLX's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MPLX typically pays dividends Semi-Annual.
Is MPLX's dividend safe?
MPLX's dividend safety is rated "Watch" based on an earnings payout ratio of +81.8% and FCF payout ratio of +80.3%. The 4-year growth streak provides moderate confidence.
Is MPLX a Dividend Payer?
Yes, MPLX Lp is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +7.5%, demonstrating above-inflation dividend growth.
How often does MPLX pay dividends?
MPLX Lp pays dividends Semi-Annual. The trailing 12-month total is $3.94 per share. Dividend data on this page covers 13+ years from 2013 to 2026.
How much would $10,000 invested in MPLX grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MPLX five years ago would be worth approximately $25,202 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MPLX's yield on cost for long-term holders?
MPLX's yield on cost — the current dividend divided by the original purchase price — is +18.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +6.9% market yield, thanks to consistent dividend growth.