EL DORADO, Ark. - Murphy USA Inc. (NYSE: NYSE:MUSA), a prominent gasoline and convenience store retailer, has announced an increase in its quarterly cash dividend. The company's board of directors declared a dividend of $0.42 per common share, which marks a 2.4% rise from the previous quarter. The new dividend rate translates to an annualized payout of $1.68 per share.
Stockholders on record as of February 26, 2024, will be eligible for the dividend, which is scheduled for payment on March 7, 2024. This decision reflects the company's ongoing commitment to delivering value to its shareholders.
With a network of more than 1,700 stores across the Southwest, Southeast, Midwest, and Northeast United States, Murphy USA serves approximately two million customers daily. The majority of its locations are strategically situated near Walmart (NYSE:WMT) Supercenters, enhancing accessibility for consumers. In addition to its Murphy USA branded sites, the company operates standalone stores under the Murphy Express and QuickChek brands.
Murphy USA has secured a position among the Fortune 500 companies, ranking at number 182. The company's growth and operational strategies, including store expansions and merchandise offerings, are instrumental in its success. However, as with any forward-looking statements, future results may vary due to various factors, including market conditions and operational challenges.
The company's recent announcement is based on a press release statement and does not constitute an endorsement of Murphy USA's future performance or strategies.
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