Murphy Oil Corporation
MUREnergy · Oil & Gas E&P · Stock · quarterly payer
Forward Yield
3.35%
Annual Dividend
$1.40
Payout Ratio
67%
5-Yr Growth
21.1%
Ex-Date
Nov 16, 2026
Frequency
Quarterly
Key facts about MUR's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Murphy Oil Corporation (MUR) has a forward dividend yield of 3.35%, based on an annual dividend of $1.40 per share and a share price of $41.74.
- As of Oct 18, 2026, MUR's dividend safety grade from SmarterDividends is B (71 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Murphy Oil Corporation (MUR) has raised its dividend for 4 consecutive years as of Oct 18, 2026.
- MUR last cut its regular dividend in 2020.
- MUR's next ex-dividend date is Nov 16, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 18, 2026, MUR pays out 67% of its trailing 12-month earnings as dividends (its payout ratio).
- MUR's dividend has grown at an average rate of 21.1% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MUR is $36.51 per share, 13% below the $41.74 share price, so MUR screens as fairly valued.
- Murphy Oil Corporation (MUR) pays its dividend quarterly, 4 times a year.
- Murphy Oil Corporation (MUR) has raised its regular dividend 21 times and cut it 2 times across the 175 payments on record since 1983. Its most recent change was a 7.7% increase to $0.350 per share, going ex-dividend on Feb 17, 2026. The last cut went ex-dividend on May 15, 2020.
Cite this page
SmarterDividends, "MUR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MUR
Summary
As of Oct 18, 2026, Murphy Oil Corporation (MUR) yields 3.35% ($1.40 a year per share), has a dividend safety grade of B (71/100) and has 4 consecutive years of dividend increases on record.
Is MUR a good dividend stock?
Yes, with caveatsMurphy Oil Corporation (MUR) pays a quarterly dividend yielding 3.35% ($1.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 21.1% 5-yr dividend growth
- 57% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 3.35%
- Payout Ratio
- 67%
- Annual Dividend
- $1.40
- 5-Yr Avg Growth
- 21.1%
- Ex-Dividend Date
- Nov 16, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.58
- Market Cap
- $6.0B
- P/E Ratio
- 20.7
- 5-Yr Total Return
- 57%
- 52-Week Range
- $26.49 – $43.34
- Dividend Safety
- B · 71/100
- Ever Cut?
- Yes (2020)
MUR dividend raises and cuts
Murphy Oil Corporation (MUR) has raised its regular dividend 21 times and cut it 2 times across the 175 payments on record since 1983. Its most recent change was a 7.7% increase to $0.350 per share, going ex-dividend on Feb 17, 2026. The last cut went ex-dividend on May 15, 2020.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 17, 2026 | Raise | $0.325 → $0.350 | +7.7% |
| Feb 18, 2025 | Raise | $0.300 → $0.325 | +8.3% |
| Feb 16, 2024 | Raise | $0.275 → $0.300 | +9.1% |
| Feb 10, 2023 | Raise | $0.250 → $0.275 | +10.0% |
| Aug 12, 2022 | Raise | $0.175 → $0.250 | +42.9% |
| May 13, 2022 | Raise | $0.150 → $0.175 | +16.7% |
| Feb 11, 2022 | Raise | $0.125 → $0.150 | +20.0% |
| May 15, 2020 | Cut | $0.250 → $0.125 | −50.0% |
| Aug 11, 2016 | Cut | $0.350 → $0.250 | −28.6% |
| Aug 14, 2014 | Raise | $0.313 → $0.350 | +11.8% |
| Nov 13, 2013 | Raise | $0.270 → $0.313 | +15.8% |
| Aug 15, 2012 | Raise | $0.237 → $0.270 | +13.8% |
Show all 23 changes since 1991
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 12, 2010 | Raise | $0.216 → $0.237 | +10.0% |
| Aug 14, 2008 | Raise | $0.162 → $0.216 | +33.0% |
| Aug 13, 2007 | Raise | $0.130 → $0.162 | +25.3% |
| Aug 11, 2006 | Raise | $0.0976 → $0.130 | +32.7% |
| Aug 12, 2005 | Raise | $0.0972 → $0.0976 | +0.4% |
| Aug 12, 2004 | Raise | $0.0864 → $0.0972 | +12.5% |
| Aug 14, 2002 | Raise | $0.0810 → $0.0864 | +6.7% |
| Aug 10, 2000 | Raise | $0.0756 → $0.0810 | +7.1% |
| Aug 18, 1997 | Raise | $0.0702 → $0.0756 | +7.7% |
| Aug 10, 1993 | Raise | $0.0648 → $0.0702 | +8.3% |
| Feb 11, 1991 | Raise | $0.0540 → $0.0648 | +20.0% |
Frequently Asked Questions
Is MUR a good dividend stock?
Yes, with caveats. Murphy Oil Corporation (MUR) pays a quarterly dividend yielding 3.35% ($1.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is MUR undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MUR's fair value is about $36.51 versus a $41.74 share price — so it looks fairly valued (-13% vs. fair value).
Is MUR's dividend safe?
MUR has a dividend-safety grade of B (71/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.
What is MUR's fair value?
Our blended fair-value estimate for MUR is about $36.51 per share, about 13% below the current $41.74 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MUR a buy, hold, or sell?
We don't issue formal ratings, but on the data MUR screens as "yes, with caveats" and fairly valued. Murphy Oil Corporation (MUR) pays a quarterly dividend yielding 3.35% ($1.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will MUR cut its dividend?
MUR earns a dividend-safety grade of B (71/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MUR pay a dividend?
Yes. Murphy Oil Corporation pays a quarterly dividend of about $1.40 per share annually, a forward yield of roughly 3.35%.
What is MUR's dividend yield?
As of Oct 18, 2026, MUR's forward dividend yield is 3.35%, based on a $1.40 annual dividend and a $41.74 share price.
What is MUR's dividend per share?
As of Oct 18, 2026, MUR pays $1.40 per share per year, distributed on a quarterly basis.
What is MUR's dividend payout ratio?
As of Oct 18, 2026, MUR's payout ratio is 67% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has MUR grown its dividend?
As of Oct 18, 2026, MUR has increased its dividend for 4 consecutive years.
When is the next MUR ex-dividend date?
As of Oct 18, 2026, the next ex-dividend date on record for MUR is Nov 16, 2026.
MUR Price — Last 12 Months
Daily close
Price Return
1 Year
+30%
3 Years
-2%
5 Years
+57%
52-Week Range
$26.49 – $43.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MUR worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Murphy Oil Corporation is $36.51 per share, versus a market price of $41.74. That implies the stock is roughly fairly priced.
Fair Value
$36.51
Current Price
$41.74
Gap
-13%
Margin of Safety
-14%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -4.3% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $2.02 EPS, $1.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MUR Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MUR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | Sep 1, 2026 | $0.3500 | regular |
| May 18, 2026 | Jun 1, 2026 | $0.3500 | regular |
| Feb 17, 2026 | Mar 2, 2026 | $0.3500 | regular |
| Nov 17, 2025 | Dec 1, 2025 | $0.3250 | regular |
| Aug 18, 2025 | Sep 2, 2025 | $0.3250 | regular |
| May 16, 2025 | Jun 2, 2025 | $0.3250 | regular |
| Feb 18, 2025 | Mar 3, 2025 | $0.3250 | regular |
| Nov 18, 2024 | Dec 2, 2024 | $0.3000 | regular |
| Aug 19, 2024 | Sep 3, 2024 | $0.3000 | regular |
| May 17, 2024 | Jun 3, 2024 | $0.3000 | regular |
| Feb 16, 2024 | Mar 4, 2024 | $0.3000 | regular |
| Nov 10, 2023 | Dec 1, 2023 | $0.2750 | regular |
| Aug 11, 2023 | Sep 1, 2023 | $0.2750 | regular |
| May 12, 2023 | Jun 1, 2023 | $0.2750 | regular |
Income Calculator
At $1.40 / yr per share
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