Murphy USA Inc. Announces Dividend Increase

Rhea-AI Summary

Murphy USA (NYSE: MUSA) announced a 6.7% increase in its quarterly cash dividend to $0.48 per share, equivalent to $1.92 per share annually. The dividend will be paid on December 2, 2024, to shareholders recorded as of November 4, 2024.

Positive

• Increased quarterly dividend by 6.7% to $0.48 per share
• Annual dividend payout raised to $1.92 per share
• Demonstrates company's financial strength and commitment to shareholder returns

Negative

• None.

EL DORADO, Ark.--(BUSINESS WIRE)-- The Board of Directors of Murphy USA Inc. (NYSE: MUSA) today declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of $0.48 per share, or $1.92 per share on an annualized basis, reflecting a 6.7% increase from the prior quarter. The dividend is payable on December 2, 2024, to stockholders of record as of November 4, 2024.

About Murphy USA

Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,700 stores located primarily 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. The 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241024134182/en/

Investor Contact:

Christian Pikul – Vice President of Investor Relations and FP&A

Christian.Pikul@murphyusa.com

Ash Aulds – Director of Investor Relations and FP&A

Ash.Aulds@murphyusa.com

Source: Murphy USA Inc.

FAQ

What is Murphy USA's new quarterly dividend for 2024?

Murphy USA's new quarterly dividend is $0.48 per share, representing a 6.7% increase from the previous quarter.

When is MUSA's next dividend payment date?

MUSA's next dividend payment is scheduled for December 2, 2024.

What is the record date for Murphy USA's December 2024 dividend?

The record date for Murphy USA's December 2024 dividend is November 4, 2024.

What is MUSA's annual dividend rate for 2024?

MUSA's annual dividend rate is $1.92 per share, following the 6.7% quarterly dividend increase.