Murphy USA Inc. (MUSA) to Issue Quarterly Dividend of $0.65 on September 3rd

Murphy USA Inc. (NYSE:MUSA) declared a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 24th will be paid a dividend of 0.65 per share by the specialty retailer on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 24th. This is a 1.6% increase from Murphy USA’s previous quarterly dividend of $0.64.

Murphy USA has raised its dividend by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 4 years. Murphy USA has a payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Murphy USA to earn $29.58 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 8.8%.

Murphy USA Stock Down 0.4%

MUSA stock opened at $567.65 on Friday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 17.29, a PEG ratio of 1.68 and a beta of 0.28. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.92. Murphy USA has a one year low of $349.83 and a one year high of $636.04. The company has a 50 day moving average price of $576.44 and a two-hundred day moving average price of $519.25.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 EPS for the quarter, beating the consensus estimate of $9.95 by $1.32. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.03 billion. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%.The business’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.36 earnings per share. As a group, sell-side analysts expect that Murphy USA will post 33.84 EPS 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.