Murphy USA Adopts 2.6% Hike In Dividend

Murphy USA Inc (NYSE:MUSA) said its Board of Directors approved a 2.6% increase in quarterly dividend to $0.39 per share. 

The dividend amounts to $1.56 per share on an annualized basis.

The dividend is payable on September 7, 2023, to stockholders of record as of August 28, 2023.

The company held $113.3 million in cash and equivalents as of June 30, 2023.

Murphy is a retailer of gasoline and convenience merchandise with more than 1,700 stores located primarily in the Southwest, Southeast, Midwest and Northeast U.S.

Price Action: MUSA shares closed lower by 1.01% at $314.33 on Thursday.