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Marathon Petroleum Corp

Marathon Petroleum Corp (MPC) Dividends

Dividend Summary:

The next Marathon Petroleum Corp dividend will go ex in 6 days for 58c and will be paid in 29 days.
The previous Marathon Petroleum Corp dividend was 58c and it went ex 3 months ago and it was paid 2 months ago.
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.1.
Country:
United States
Exchange:
New York Stock Exchange
Sector:
Oil & Gas Producers
  Previous Dividend Next Dividend
Status: Paid Declared
Type: Quarterly Quarterly
Per Share: 58c Sign Up Required
Ex-div Date: Tue 19 May 2020 Tue 18 Aug 2020
Pay Date: Wed 10 Jun 2020 Thu 10 Sep 2020
Your Holding: 100 shares 100 shares
Your Payment: $58.00 $58.00

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Declared and Forecast Marathon Petroleum Corp Dividends

Ex-Div Date Pay Date Type Amount Currency Status
14 May 2012 11 Jun 2012 Quarterly 25c USD Paid
14 Aug 2012 10 Sep 2012 Quarterly 35c USD Paid
19 Nov 2012 10 Dec 2012 Quarterly 35c USD Paid
15 Feb 2013 11 Mar 2013 Quarterly 35c USD Paid
14 May 2013 10 Jun 2013 Quarterly 35c USD Paid
19 Aug 2013 10 Sep 2013 Quarterly 42c USD Paid
18 Nov 2013 10 Dec 2013 Quarterly 42c USD Paid
14 Feb 2014 10 Mar 2014 Quarterly 42c USD Paid
19 May 2014 10 Jun 2014 Quarterly 42c USD Paid
18 Aug 2014 10 Sep 2014 Quarterly 50c USD Paid
17 Nov 2014 10 Dec 2014 Quarterly 50c USD Paid
13 Feb 2015 10 Mar 2015 Quarterly 50c USD Paid
18 May 2015 10 Jun 2015 Quarterly 50c USD Paid
17 Aug 2015 10 Sep 2015 Quarterly 32c USD Paid
16 Nov 2015 10 Dec 2015 Quarterly 32c USD Paid
12 Feb 2016 10 Mar 2016 Quarterly 32c USD Paid
16 May 2016 10 Jun 2016 Quarterly 32c USD Paid
15 Aug 2016 12 Sep 2016 Quarterly 36c USD Paid
14 Nov 2016 12 Dec 2016 Quarterly 36c USD Paid
14 Feb 2017 10 Mar 2017 Quarterly 36c USD Paid
15 May 2017 12 Jun 2017 Quarterly 36c USD Paid
14 Aug 2017 11 Sep 2017 Quarterly 40c USD Paid
15 Nov 2017 11 Dec 2017 Quarterly 40c USD Paid
20 Feb 2018 12 Mar 2018 Quarterly 46c USD Paid
15 May 2018 11 Jun 2018 Quarterly 46c USD Paid
15 Aug 2018 10 Sep 2018 Quarterly 46c USD Paid
20 Nov 2018 10 Dec 2018 Quarterly 46c USD Paid
19 Feb 2019 11 Mar 2019 Quarterly 53c USD Paid
15 May 2019 10 Jun 2019 Quarterly 53c USD Paid
20 Aug 2019 10 Sep 2019 Quarterly 53c USD Paid
19 Nov 2019 10 Dec 2019 Quarterly 53c USD Paid
18 Feb 2020 10 Mar 2020 Quarterly 58c USD Paid
19 May 2020 10 Jun 2020 Quarterly 58c USD Paid
18 Aug 2020 10 Sep 2020 Quarterly Sign Up Required USD Declared
17 Nov 2020 10 Dec 2020 Quarterly Sign Up Required USD Forecast
16 Feb 2021 10 Mar 2021 Quarterly Sign Up Required USD Forecast
18 May 2021 10 Jun 2021 Quarterly Sign Up Required USD Forecast
17 Aug 2021 10 Sep 2021 Quarterly Sign Up Required USD Forecast
16 Nov 2021 10 Dec 2021 Quarterly Sign Up Required USD Forecast
15 Feb 2022 10 Mar 2022 Quarterly Sign Up Required USD Forecast
17 May 2022 10 Jun 2022 Quarterly Sign Up Required USD Forecast
16 Aug 2022 12 Sep 2022 Quarterly Sign Up Required USD Forecast
15 Nov 2022 12 Dec 2022 Quarterly Sign Up Required USD Forecast
14 Feb 2023 10 Mar 2023 Quarterly Sign Up Required USD Forecast
16 May 2023 12 Jun 2023 Quarterly Sign Up Required USD Forecast
15 Aug 2023 11 Sep 2023 Quarterly Sign Up Required USD Forecast
14 Nov 2023 11 Dec 2023 Quarterly Sign Up Required USD Forecast
20 Feb 2024 11 Mar 2024 Quarterly Sign Up Required USD Forecast
14 May 2024 10 Jun 2024 Quarterly Sign Up Required USD Forecast
20 Aug 2024 10 Sep 2024 Quarterly Sign Up Required USD Forecast
19 Nov 2024 10 Dec 2024 Quarterly Sign Up Required USD Forecast
18 Feb 2025 10 Mar 2025 Quarterly Sign Up Required USD Forecast

How accurate are our Marathon Petroleum Corp forecasts?

Prediction Date Dividend Date Forecast Amount Actual Amount Accuracy
22 Mar 2020 18 Aug 2020 30c 58c 68% 😞
22 Mar 2020 19 May 2020 30c 58c 68% 😞
28 Jan 2020 18 Aug 2020 58c 58c 100% πŸ˜„
28 Jan 2020 19 May 2020 58c 58c 100% πŸ˜„
01 Nov 2019 19 May 2020 61c 58c 97% πŸ˜ƒ
05 Aug 2019 18 Aug 2020 61c 58c 97% πŸ˜ƒ
05 Aug 2019 19 May 2020 61c 58c 97% πŸ˜ƒ
05 Aug 2019 18 Feb 2020 61c 58c 97% πŸ˜ƒ
05 Aug 2019 19 Nov 2019 53c 53c 100% πŸ˜„
Average Marathon Petroleum Corp Forecast Accuracy 92% 😊

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About Marathon Petroleum Corp

Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company's segments include Refining & Marketing, Speedway, and Midstream.

Refining & Marketing

Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States, purchases refined products and ethanol for resale and distributes refined products through various means, including terminals and trucks that the Company own or operate. The Company sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets.

As of December 31, 2016, the Company owns and operates seven refineries in the Gulf Coast and Midwest regions of the United States with an aggregate crude oil refining capacity of 1,817 thousand barrels per calendar day (mbpcd). Its refineries include crude oil atmospheric and vacuum distillation, fluid catalytic cracking, hydrocracking, catalytic reforming, coking, desulfurization and sulfur recovery units. The refineries process a range of condensate, light and heavy crude oils purchased from various domestic and foreign suppliers. The Company produces various refined products, ranging from transportation fuels, such as reformulated gasoline, blend-grade gasoline intended for blending with ethanol and Ultra-low sulfur diesel (ULSD) fuel, to heavy fuel oil and asphalt. Additionally, the Company manufactures aromatics, propane, propylene and sulfur. The Company's refineries are integrated with each other via pipelines, terminals and barges.

The Garyville, Louisiana refinery is located along the Mississippi River in southeastern Louisiana between New Orleans, Louisiana and Baton Rouge, Louisiana. The Garyville refinery is configured to process a range of crude oils into gasoline, distillates, fuel-grade coke, asphalt, propane, polymer-grade propylene, heavy fuel oil, dry gas, slurry and sulfur. The Galveston Bay refinery, is located on the Texas Gulf Coast approximately 30 miles southeast of Houston, Texas. The refinery can process a range of crude oils into gasoline, distillates, aromatics, heavy fuel oil, refinery-grade propylene, fuel-grade coke, dry gas and sulfur. The Company's Catlettsburg, Kentucky refinery, is located in northeastern Kentucky on the western bank of the Big Sandy River, near the confluence with the Ohio River. The Catlettsburg refinery processes sweet and sour crude oils into gasoline, distillates, asphalt, aromatics, refinery-grade propylene and propane.

The Robinson, Illinois refinery is located in southeastern Illinois. The Robinson refinery processes sweet and sour crude oils into gasoline, distillates, propane, anode-grade coke, aromatics, fuel-grade coke and slurry. The Company's Detroit, Michigan refinery is located in southwest Detroit. The Detroit refinery processes sweet and heavy sour crude oils into gasoline, distillates, asphalt, fuel-grade coke, chemical-grade propylene, propane, slurry and sulfur. The Company's Canton, Ohio refinery is located approximately 60 miles south of Cleveland, Ohio. It processes sweet and sour crude oils, including production from the nearby Utica Shale, into gasoline, distillates, asphalt, roofing flux, propane, refinery-grade propylene and slurry. The Texas City, Texas refinery is located on the Texas Gulf Coast, approximately 30 miles southeast of Houston, Texas. The refinery processes light sweet crude oils into gasoline, chemical-grade propylene, propane, aromatics, dry gas and slurry.

The Company owns a biofuel production facility in Cincinnati, Ohio that produces biodiesel, glycerin and other by-products. It also holds interests in ethanol production facilities in Albion, Michigan; Clymers, Indiana and Greenville, Ohio. The Company also sells gasoline, gasoline blendstocks and distillates to wholesale customers, Marathon-branded independent entrepreneurs and its Speedway convenience stores and on the spot market. The Company also produces propane at most of its refineries. Propane is primarily used for home heating and cooking, as a feedstock within the petrochemical industry, for grain drying and as a fuel for trucks and other vehicles. It also produces feedstocks and petrochemicals, including platformate, alkylate, FCC unit gas, naptha, dry gas, propylene, raffinate, butane, benzene, xylene, molten sulfur, cumene and toluene. The Company also produces and markets heavy residual fuel oil or related components, including slurry and also has refinery-based asphalt production capacity of up to 102 mbpcd, which includes asphalt cements, polymer-modified asphalt, emulsified asphalt, industrial asphalts and roofing flux. It serves various customers, including asphalt-paving contractors, government entities (states, counties, cities and townships) and asphalt roofing shingle manufacturers.

Speedway

Speedway segment sells gasoline, diesel and merchandise through convenience stores that it owns and operates under the Speedway brand. Speedway convenience stores offer a range of merchandise, including prepared foods, beverages and non-food items.

Midstream

Midstream segment includes the operations of MPLX and certain other related operations. The Midstream segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores and markets Natural gas liquids (NGLs), and transports and stores crude oil and refined products. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets. As of December 31, 2016, MPLX's marine transportation operations included 18 owned towboats, as well as 204 owned and 18 leased barges that transport refined products and crude oil on the Ohio, Mississippi and Illinois rivers and their tributaries and inter-coastal waterways.

Fundamentals

Optimized Dividends

Annual Dividends

Year Amount Change
2006 0.0c
2007 0.0c 0%
2008 0.0c 0%
2009 0.0c 0%
2010 0.0c 0%
2011 0.0c 0%
2012 130.0c 100%
2013 161.0c 23.8%
2014 192.0c 19.3%
2015 146.0c (24.0%)
2016 140.0c (4.1%)
2017 162.0c 15.7%
2018 191.0c 17.9%
2019 217.0c 13.6%
2020 Login required
2021 Login required
2022 Login required
2023 Login required
2024 Login required

Dividends

Ex-Div Date Pay Date Year Type Frequency Status Amount
14 May 2012 11 Jun 2012 2012 Interim Quarterly Paid 25c
14 Aug 2012 10 Sep 2012 2012 Interim Quarterly Paid 35c
19 Nov 2012 10 Dec 2012 2012 Interim Quarterly Paid 35c
15 Feb 2013 11 Mar 2013 2012 Interim Quarterly Paid 35c
14 May 2013 10 Jun 2013 2013 Interim Quarterly Paid 35c
19 Aug 2013 10 Sep 2013 2013 Interim Quarterly Paid 42c
18 Nov 2013 10 Dec 2013 2013 Interim Quarterly Paid 42c
14 Feb 2014 10 Mar 2014 2013 Final Quarterly Paid 42c
19 May 2014 10 Jun 2014 2014 Interim Quarterly Paid 42c
18 Aug 2014 10 Sep 2014 2014 Interim Quarterly Paid 50c
17 Nov 2014 10 Dec 2014 2014 Interim Quarterly Paid 50c
13 Feb 2015 10 Mar 2015 2014 Final Quarterly Paid 50c
18 May 2015 10 Jun 2015 2015 Interim Quarterly Paid 50c
17 Aug 2015 10 Sep 2015 2015 Interim Quarterly Paid 32c
16 Nov 2015 10 Dec 2015 2015 Interim Quarterly Paid 32c
12 Feb 2016 10 Mar 2016 2015 Final Quarterly Paid 32c
16 May 2016 10 Jun 2016 2016 Interim Quarterly Paid 32c
15 Aug 2016 12 Sep 2016 2016 Interim Quarterly Paid 36c
14 Nov 2016 12 Dec 2016 2016 Interim Quarterly Paid 36c
14 Feb 2017 10 Mar 2017 2016 Final Quarterly Paid 36c
15 May 2017 12 Jun 2017 2017 Interim Quarterly Paid 36c
14 Aug 2017 11 Sep 2017 2017 Interim Quarterly Paid 40c
15 Nov 2017 11 Dec 2017 2017 Interim Quarterly Paid 40c
20 Feb 2018 12 Mar 2018 2017 Final Quarterly Paid 46c
15 May 2018 11 Jun 2018 2018 Interim Quarterly Paid 46c
15 Aug 2018 10 Sep 2018 2018 Interim Quarterly Paid 46c
20 Nov 2018 10 Dec 2018 2018 Interim Quarterly Paid 46c
19 Feb 2019 11 Mar 2019 2018 Final Quarterly Paid 53c
15 May 2019 10 Jun 2019 2019 Interim Quarterly Paid 53c
20 Aug 2019 10 Sep 2019 2019 Interim Quarterly Paid 53c
19 Nov 2019 10 Dec 2019 2019 Interim Quarterly Paid 53c
18 Feb 2020 10 Mar 2020 2019 Final Quarterly Paid 58c
19 May 2020 10 Jun 2020 2020 Interim Quarterly Paid 58c
Sign Up Required Sign Up Required 2020 Interim Quarterly Declared Sign Up Required
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Marathon Petroleum Corp optimized dividend - 12 month history