Murphy USA Inc. (MUSA) to Issue Quarterly Dividend of $0.64 on June 1st

Murphy USA Inc. (NYSE:MUSA) declared a quarterly dividend on Thursday, May 7th. Investors of record on Monday, May 18th will be given a dividend of 0.64 per share by the specialty retailer on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, May 18th. This is a 1.6% increase from Murphy USA’s previous quarterly dividend of $0.63.

Murphy USA has increased 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 9.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Murphy USA to earn $29.26 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 8.6%.

Murphy USA Price Performance

MUSA stock opened at $577.68 on Friday. Murphy USA has a 12 month low of $345.23 and a 12 month high of $609.82. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 3.24. The company has a 50-day moving average price of $484.36 and a 200 day moving average price of $427.89. The stock has a market cap of $10.69 billion, a PE ratio of 19.97, a P/E/G ratio of 1.94 and a beta of 0.36.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $5.37 by $1.91. Murphy USA had a net margin of 2.81% and a return on equity of 91.05%. The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same period in the previous year, the company earned $2.63 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Murphy USA will post 31.8 earnings per share for the current year.

Murphy USA Company Profile

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.