Murphy USA Inc. Announces Increased Quarterly Dividend
The Board of Directors of Murphy USA Inc. (NYSE: MUSA) has declared a quarterly cash dividend of $0.44 per share on the company’s common stock. This represents an annualized dividend of $1.76 per share, marking a 4.8% increase from the previous quarter. The dividend is scheduled for payment on June 3, 2024, to shareholders of record as of May 20, 2024.
Murphy USA (NYSE: MUSA) is a prominent retailer specializing in gasoline and convenience merchandise, operating over 1,700 stores primarily in the Southwest, Southeast, Midwest, and Northeast United States. With a dedicated team of nearly 15,000 employees, the company serves approximately two million customers daily through its retail network in 27 states. Most Murphy USA stores are located near Walmart Supercenters, and the company also operates standalone stores under the Murphy Express and QuickChek brands. Murphy USA is ranked 182 on the Fortune 500 list.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current beliefs and expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors influencing future results include but are not limited to: the company’s ability to expand its food and beverage offerings, maintain its relationship with Walmart, execute growth strategies, manage inventory and supply chain disruptions, and control costs. Other factors include geopolitical events, severe weather, global health pandemics, cybersecurity incidents, changes in fuel economy requirements, tobacco legislation, capital allocation changes, market conditions, debt compliance, credit availability, and interest rates. Murphy USA’s SEC filings, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, provide further information on these and other risks. Murphy USA does not undertake any obligation to update or revise forward-looking statements to reflect new information, future events, or circumstances.
