Murphy USA Boosts Quarterly Cash Dividend By 6.7% From $0.45 To $0.48 Per Share
Portfolio Pulse from Benzinga Newsdesk
Murphy USA has announced a 6.7% increase in its quarterly cash dividend, raising it from $0.45 to $0.48 per share. The dividend will be payable on December 2, 2024, to stockholders of record as of November 4, 2024.
October 24, 2024 | 8:33 pm
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Murphy USA has increased its quarterly dividend by 6.7%, signaling financial strength and commitment to returning value to shareholders.
The increase in the dividend suggests that Murphy USA is confident in its financial position and future cash flows. This move is likely to be viewed positively by investors, as it indicates a commitment to returning value to shareholders. The dividend increase can attract income-focused investors, potentially boosting the stock price in the short term.
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