Murphy USA Increases Quarterly Dividend From $0.42 To $0.44 Per Share
Portfolio Pulse from Benzinga Newsdesk
Murphy USA Inc. (NYSE:MUSA) announced an increase in its quarterly dividend from $0.42 to $0.44 per share, a 4.8% rise. The new dividend rate is annualized at $1.76 per share and will be payable on June 3, 2024, to shareholders of record as of May 20, 2024.
May 09, 2024 | 10:01 pm
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Murphy USA Inc. has increased its quarterly dividend to $0.44 per share, marking a 4.8% increase from the previous rate.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. This increase in Murphy USA's dividend could attract income-focused investors, potentially leading to a short-term uptick in stock price.
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