MPLX LP (MPLX) Dividend
MPLX LP (MPLX) currently pays a dividend yield of 7.40%, distributing $4.31 per share annually ($1.08 per quarter). The company operates in the Energy sector.
MPLX has raised its dividend for 4 consecutive years.
MPLX dividend at a glance
| Dividend Yield | 7.40% |
|---|---|
| Annual Dividend | $4.31 per share |
| Per Payment | $1.08 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | November 6, 2026 |
| Next Payment Date | November 13, 2026 |
| Payout Ratio | 90% |
| Consecutive Years of Dividend Growth | 4 |
| Sector | Energy |
| Implied Share Price (from yield) | $58.22 |
What MPLX pays on a $10,000 investment
At a 7.40% yield, $10,000 invested in MPLX generates about $740.00 per year, or roughly $185.00 every quarter. Share counts below use an implied price of $58.22, derived from the $4.31 annual dividend and the 7.40% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 17.2 | $74.00 | $18.50 |
| $5,000 | 85.9 | $370.00 | $92.50 |
| $10,000 | 171.8 | $740.00 | $185.00 |
| $25,000 | 429.4 | $1,850.00 | $462.50 |
| $100,000 | 1,717.7 | $7,400.00 | $1,850.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
MPLX dividend payment schedule
MPLX pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is November 6, 2026, with payment on November 13, 2026. Later rows are projected forward at the same interval and will shift when MPLX LP declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 6, 2026 | November 13, 2026 | $1.08 | Confirmed |
| February 6, 2027 | February 13, 2027 | $1.08 | Projected |
| May 6, 2027 | May 13, 2027 | $1.08 | Projected |
| August 6, 2027 | August 13, 2027 | $1.08 | Projected |
To collect a MPLX dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How MPLX's dividend compares
Across the 1000 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.57%. MPLX's 7.40% is 3.83 percentage points above that median, ranking 304th of 1000 by yield.
Within Energy, where we track 75 names, the median yield is 5.22% — putting MPLX above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
Its 4-year run of dividend increases ranks 278th out of the 553 names in our data with an active growth streak.
What the numbers mean
MPLX pays out roughly 90% of its earnings as dividends. That is a high payout ratio. The dividend is consuming most of reported earnings, which is normal for REITs and some funds but a caution flag elsewhere.
Like most US dividend payers, MPLX distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
MPLX dividend FAQ
When is the next MPLX ex-dividend date?
The next MPLX ex-dividend date is November 6, 2026, with the payment scheduled for November 13, 2026. You must own shares before the ex-dividend date to receive that payment.
What is MPLX's dividend yield?
MPLX currently yields 7.40%, based on $4.31 in dividends per share over the past year.
How often does MPLX pay dividends?
MPLX pays quarterly, which works out to 4 payments per year of about $1.08 per share.
How much dividend income would $10,000 of MPLX generate?
At the current 7.40% yield, $10,000 invested in MPLX would produce roughly $740.00 per year, or about $185.00 per quarter, before taxes and assuming the dividend holds.
Has MPLX increased its dividend?
Yes — MPLX has raised its dividend for 4 consecutive years.
MPLX dividend history
DivTrkr holds 55 recorded MPLX dividend payments going back to 2013, with 4 consecutive complete years of increases and +6.8% a year of growth over the last five complete years. See the full MPLX dividend history — every payment, annual totals and growth by year.
Related dividend stocks
Other Energy dividend payers
- USOI — UBS ETRACS Crude Oil Shares Covered Call ETN dividend (66.54%)
- IEP — Icahn Enterprises L.P. dividend (30.91%)
- PRT — PermRock Royalty Trust dividend (17.08%)
- UNTC — Unit Corporation dividend (15.75%)
- FRO — Frontline plc dividend (15.59%)
- TRMD — TORM plc dividend (15.19%)
- MLPI — Neos Mlp & Energy Infrastructure High Income ETF dividend (14.49%)
- NUKX — Nicholas Nuclear Income ETF dividend (12.79%)
Similar yields to MPLX
- SPHY — State Street SPDR Portfolio High Yield Bond ETF dividend (7.37%)
- OMF — OneMain Holdings, Inc. dividend (7.35%)
- ADX — Adams Diversified Equity Fund, Inc. dividend (7.50%)
- PFFV — Global X Variable Rate Preferred ETF dividend (7.30%)
- CTO — CTO Realty Growth, Inc. dividend (7.51%)
- PEO — Adams Natural Resources Fund, Inc. dividend (7.29%)
Track MPLX dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.