Murphy USA Inc. (NYSE:MUSA) Increases Dividend to $0.49 Per Share

Murphy USA Inc. (NYSE:MUSA) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.49 per share by the specialty retailer on Wednesday, March 5th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.40%. This is an increase from Murphy USA’s previous quarterly dividend of $0.48.

Murphy USA has raised its dividend by an average of 19.8% annually over the last three years. Murphy USA has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Murphy USA to earn $28.92 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 6.6%.

Murphy USA Stock Down 0.1 %

MUSA opened at $491.93 on Friday. The firm has a 50 day moving average price of $504.91 and a 200 day moving average price of $506.56. The company has a market cap of $9.96 billion, a PE ratio of 20.33 and a beta of 0.79. Murphy USA has a 1 year low of $382.04 and a 1 year high of $561.08. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.41 and a current ratio of 0.79.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $6.96 EPS for the quarter, beating analysts’ consensus estimates of $6.46 by $0.50. Murphy USA had a net margin of 2.48% and a return on equity of 61.60%. Sell-side analysts expect that Murphy USA will post 26.47 earnings per share for the current year.

Wall Street Analyst Weigh In

MUSA has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on Murphy USA from $550.00 to $554.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. StockNews.com raised Murphy USA from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Murphy USA from $555.00 to $550.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.80.

Murphy USA Company Profile

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.