Murphy USA Inc. (NYSE:MUSA) Announces Dividend Increase – $0.72 Per Share

Murphy USA Inc. (NYSE:MUSA) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Wednesday, November 4th will be given a dividend of $0.72 per share by the specialty retailer on Tuesday, December 1st. This represents a $2.88 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 4th. This is a 10.8% increase from Murphy USA’s previous quarterly dividend of $0.65.

Murphy USA has increased its dividend payment by an average of 0.5% annually over the last three years and has raised its dividend every year for the last 4 years. Murphy USA has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Murphy USA to earn $30.23 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 8.6%.

Murphy USA Stock Down 0.6%

Murphy USA stock opened at $533.07 on Friday. The firm has a market capitalization of $9.85 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.36 and a beta of 0.29. 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 twelve month low of $349.83 and a twelve month high of $636.04. The stock’s fifty day simple moving average is $528.52 and its 200-day simple moving average is $547.95.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share for the quarter, beating analysts’ consensus estimates of $9.95 by $1.32. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the firm earned $7.36 earnings per share. Murphy USA’s quarterly revenue was up 36.0% on a year-over-year basis. As a group, equities analysts expect that Murphy USA will post 34.89 earnings per share for the current fiscal year.

Murphy USA Company Profile

Murphy USA Inc is a U.S. operator of retail fuel and convenience stores. The company sells gasoline and diesel fuel along with tobacco products, packaged beverages, snacks, candy, grocery items, general merchandise and other convenience products. Many locations also offer prepared food and related services.

The company operates stores under the Murphy USA and Murphy Express brands, with a network concentrated primarily in the Southern, Southeastern and Midwestern United States. Murphy USA locations are commonly situated near Walmart stores, while Murphy Express sites generally operate as standalone convenience stores.