Murphy USA Inc. (MUSA) to Distribute Quarterly Dividend of $0.72 on December 1st

Murphy USA Inc. (NYSE:MUSA) announced a quarterly dividend on Thursday, October 22nd. Stockholders 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 dividend 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 raised its dividend 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 payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Murphy USA to earn $30.11 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 9.6%.

Murphy USA Price Performance

Shares of NYSE:MUSA opened at $535.59 on Monday. The stock has a market cap of $9.89 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.36 and a beta of 0.31. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.73. The company has a 50 day moving average of $524.85 and a 200 day moving average of $514.86. Murphy USA has a 12 month low of $349.83 and a 12 month high of $636.04.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $9.59 earnings per share for the quarter, beating analysts’ consensus estimates of $8.37 by $1.22. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.25 billion. Murphy USA had a return on equity of 92.81% and a net margin of 2.85%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter last year, the business posted $7.25 earnings per share. As a group, sell-side analysts forecast that Murphy USA will post 34.72 EPS for the current fiscal year.

About Murphy USA

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.