Murphy Oil hikes dividend by 10%

On January 26, 2023, Murphy Oil Corporation (MUR) announced a 10% dividend hike to $0.275 quarterly per share. This follows a much bigger hike of 100% announced in 2022 by the oil and gas company. The next ex-dividend date for MUR is February 10, 2023 and the dividend yield is 2.5% based on a stock price of $44.45.

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.