Murphy USA Raises Quarterly Dividend

By Tamara Parker • Friday, August 16 08:04 • Permanent Link

Murphy USA Inc. has announced a quarterly cash dividend on its common stock of $0.45 per share, or $1.80 per share on an annualized basis. This reflects a 2.3% increase from the prior quarter's dividend. The dividend is payable on September 5, 2024, to stockholders of record as of August 26, 2024.

Murphy USA is a leading retailer of gasoline and convenience merchandise with over 1,700 stores primarily located in the southwest, southeast, midwest, and northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. Majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 214 among Fortune 500 companies. The market has reacted to these announcements by moving the company's shares 1.0% to a price of $504.12. For more information, read the company's full 8-K submission here.

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