Please ensure Javascript is enabled for purposes of website accessibility

Murphy Oil Declares Fresh Dividend

By Eric Volkman - Apr 3, 2013 at 6:55PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The black-gold operator matches its previous distribution.

Murphy Oil (MUR 6.28%) is keeping its dividend policy level with its latest payout. The company announced that it will distribute a quarterly dividend of $0.3125 per share of its common stock on June 3 to shareholders of record as of May 17.  That matches Murphy Oil's previous three regular quarterly distributions, the most recent of which was handed out in February.

The company has managed to keep that dividend level despite a reorganization. It is currently in the process of spinning off its downstream business into a separate entity, to be called Murphy Oil USA. Following the announcement of the move last October, the company paid its shareholders a special distribution of $2.50 per share.

The just-announced dividend annualizes to $1.25 per share. That yields just under 2% at Murphy Oil's latest closing stock price of $62.95

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Murphy Oil Corporation Stock Quote
Murphy Oil Corporation
$43.48 (6.28%) $2.57

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.