Is MPLX LP a good dividend stock?

MPLX LP (MPLX) is a dividend-paying stock with a current dividend yield of 7.42%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is MPLX's dividend yield?

The dividend yield for MPLX stock is currently 7.42%.

How much does MPLX pay in dividends per year?

MPLX LP pays an annual dividend of $4.1860 per share over the trailing twelve months.

How often does MPLX pay dividends?

MPLX stock pays dividends quarterly.

Is MPLX's dividend growing?

MPLX LP's 3-year dividend CAGR is 11.37%.

MPLX Stock Price, Chart, Stats & News

MPLX LP

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Overview Dividend safety Dividends Fundamentals

MPLX LP (MPLX) is a dividend-paying stock with a current dividend yield of 7.42% as of Jul 15, 2026. It pays $4.19 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 8.77% 5-year compound annual rate.

57.24B

Market cap

12.21x

Current P/E

12.48x

Forward P/E

7.42%

Dividend yield

$4.19

MPLX dividend

Dividend safety

At-risk

MPLX pays out about 91% of earnings, leaving little safety margin.

See the safety analysis

MPLX chart

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Fundamentals

Gross margin	49.69%
Operating margin	46.71%
Pretax margin	40.03%
Net margin	39.64%
Effective tax rate	0.16%
ROA	11.42%
ROE	34.93%
D/E	1.83x
Interest coverage ratio	5.67x

All financials

MPLX valuation

P/E	12.21x
P/S	4.77x
P/B	4.13x
P/CF	10.00x
P/FCF	11.38x
P/OCF	10.00x
PEG	5.68x
EV multiple	4.79x

About

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.