Murphy USA: Dividend Insights
Portfolio Pulse from Benzinga Insights
Murphy USA (NYSE:MUSA) has announced a quarterly dividend of 39 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 39 cents lower. Shareholders who own MUSA as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 07, 2023.
August 22, 2023 | 2:45 pm
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Murphy USA's announcement of a 39 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
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