Murphy Oil hikes dividend by 42.9%

Murphy Oil Corporation (MUR) will raise its dividend for the third time in 2022 with a 42.9 percent increase to 25 cents quarterly per share. This means a dividend hike of 100% in 2022 and brings the dividend back to record levels of 2020 before the COVID-cut. The next dividend will be paid to MUR shareholders on September 1, 2022.

Murphy Oil Corporation is a global oil and natural gas exploration and production company. The Company was originally incorporated in Louisiana in 1950 as Murphy Corporation. Murphy’s exploration and production activities are subdivided into three geographic segments, including the United States, Canada, and all other countries. Additionally, Corporate activities include interest income, interest expense, foreign exchange effects, corporate risk management activities and administrative costs not allocated to the segments. The company’s corporate headquarters are located in El Dorado, Arkansas.