Why MARATHON PETROLEUM CORP (NYSE:MPC) qualifies as a good dividend investing stock.

Our stock screening tool has identified MARATHON PETROLEUM CORP (NYSE:MPC) as a strong dividend contender with robust fundamentals. MPC exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

Dividend Insights: MPC

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. MPC has achieved a 7 out of 10:

• On average, the dividend of MPC grows each year by 9.91%, which is quite nice.
• MPC has paid a dividend for at least 10 years, which is a reliable track record.
• MPC has not decreased their dividend for at least 10 years, which is a reliable track record.
• 25.95% of the earnings are spent on dividend by MPC. This is a low number and sustainable payout ratio.
• The dividend of MPC is growing, but earnings are growing more, so the dividend growth is sustainable.

Health Examination for MPC

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. MPC has achieved a 5 out of 10:

• An Altman-Z score of 3.31 indicates that MPC is not in any danger for bankruptcy at the moment.
• With an excellent Altman-Z score value of 3.31, MPC belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
• Looking at the Debt to FCF ratio, with a value of 5.30, MPC is in the better half of the industry, outperforming 63.81% of the companies in the same industry.

How do we evaluate the Profitability for MPC?

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. MPC scores a 5 out of 10:

• With a decent Return On Assets value of 5.66%, MPC is doing good in the industry, outperforming 60.48% of the companies in the same industry.
• MPC's Return On Equity of 23.88% is amongst the best of the industry. MPC outperforms 83.81% of its industry peers.
• With a decent Return On Invested Capital value of 11.14%, MPC is doing good in the industry, outperforming 76.19% of the companies in the same industry.
• The 3 year average ROIC (17.20%) for MPC is well above the current ROIC(11.14%). The reason for the recent decline needs to be investigated.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of MPC

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.