Murphy USA Inc. (NYSE:MUSA) Increases Dividend to $0.72 Per Share

Key Points

• Murphy USA raised its quarterly dividend 10.8% to $0.72 per share, or $2.88 annualized, equating to a 0.5% yield. The dividend is payable December 1 to shareholders of record November 4.
• The dividend appears well covered, with a 9.3% payout ratio; analysts expect the company to earn $30.23 per share next year versus an anticipated $2.60 annual dividend.
• Murphy USA recently exceeded quarterly earnings expectations, reporting $11.27 in EPS versus the $9.95 consensus, while revenue rose 36% year over year to $6.81 billion.

Murphy USA Inc. (NYSE:MUSA - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 4th. This is a 10.8% increase from Murphy USA's previous quarterly dividend of $0.65.

Murphy USA has increased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Murphy USA to earn $30.23 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 8.6%.

Murphy USA Stock Performance

Shares of MUSA opened at $533.07 on Friday. Murphy USA has a one year low of $349.83 and a one year high of $636.04. The firm has a market capitalization of $9.85 billion, a P/E ratio of 16.10, a PEG ratio of 1.36 and a beta of 0.29. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.92 and a quick ratio of 0.54. The business has a fifty day moving average of $528.52 and a 200 day moving average of $547.95.

Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share for the quarter, topping the consensus estimate of $9.95 by $1.32. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.03 billion. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%. The firm's revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.36 EPS. As a group, sell-side analysts anticipate that Murphy USA will post 34.89 EPS for the current year.

Murphy USA Company Profile

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.

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