Murphy USA Inc. (NYSE:MUSA) to Issue Dividend Increase – $0.65 Per Share

Murphy USA Inc. (NYSE:MUSAGet Free Report) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.65 per share by the specialty retailer on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 24th. This is a 1.6% increase from Murphy USA’s previous quarterly dividend of $0.64.

Murphy USA has raised its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Murphy USA has a payout ratio of 9.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Murphy USA to earn $29.58 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 8.7%.

Murphy USA Price Performance

Shares of NYSE:MUSA opened at $563.88 on Friday. The firm’s 50 day moving average is $577.89 and its two-hundred day moving average is $513.65. The firm has a market capitalization of $10.41 billion, a P/E ratio of 17.17, a PEG ratio of 1.61 and a beta of 0.28. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. Murphy USA has a 52 week low of $349.83 and a 52 week high of $636.04.

Murphy USA (NYSE:MUSAGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $1.32. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%.The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the firm posted $7.36 earnings per share. The business’s revenue was up 36.0% on a year-over-year basis. Analysts anticipate that Murphy USA will post 33.84 earnings per share for the current year.

About Murphy USA

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Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.

The company’s primary operations center on two retail formats.

See Also

Dividend History for Murphy USA (NYSE:MUSA)

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