SmarterDividends
MUSA

Murphy USA (MUSA) Dividend

Murphy USA Inc. · Consumer Cyclical · Specialty Retail · quarterly payer

$521.89

Overvalued · -38% Add to Portfolio

As of Nov 8, 2026, Murphy USA (MUSA) pays a quarterly dividend of $0.72 per share, or $2.88 a year, a 0.55% yield at its $521.89 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 5 years in a row and has a dividend safety grade of B.

Forward Yield

0.55%

Annual Dividend

$2.88

Payout Ratio

7%

5-Yr Growth

16.5%

Ex-Date

Nov 4, 2026

Frequency

Quarterly

Key facts about MUSA's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Murphy USA Inc. (MUSA) has a forward dividend yield of 0.55%, based on an annual dividend of $2.88 per share and a share price of $521.89.
  • As of Nov 8, 2026, MUSA's dividend safety grade from SmarterDividends is B (74 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Murphy USA Inc. (MUSA) has raised its dividend for 5 consecutive years as of Nov 8, 2026.
  • MUSA has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MUSA's most recent ex-dividend date was Nov 4, 2026, for a dividend of $0.72 per share.
  • As of Nov 8, 2026, MUSA pays out 7% of its trailing 12-month earnings as dividends (its payout ratio).
  • MUSA's dividend has grown at an average rate of 16.5% a year over the past five years.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for MUSA is $324.02 per share, 38% below the $521.89 share price, so MUSA screens as overvalued.
  • Murphy USA Inc. (MUSA) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "MUSA Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/MUSA

Is MUSA a good dividend stock?

Yes, with caveats

Murphy USA Inc. (MUSA) pays a quarterly dividend yielding 0.55% ($2.88/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (7%)
  • Strong 16.5% 5-yr dividend growth
  • 201% total price return over 5 years

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
0.55%
Payout Ratio
7%
Annual Dividend
$2.88
5-Yr Avg Growth
16.5%
Ex-Dividend Date
Nov 4, 2026
Years of Growth
5
Frequency
quarterly
Beta
0.32
Market Cap
$9.4B
P/E Ratio
14.7
5-Yr Total Return
201%
52-Week Range
$352.42 – $636.05
Dividend Safety
B · 74/100
Ever Cut?
No

MUSA dividend changes

Murphy USA Inc. (MUSA) pays a variable dividend: across the 25 payments on record since 2020, 19 were higher than the one before and 0 lower. The latest change was up 10.8% to $0.720 per share, going ex-dividend on Nov 4, 2026.

Ex-dateChangeOld → newMove
Nov 4, 2026Higher$0.650 → $0.720+10.8%
Aug 24, 2026Higher$0.640 → $0.650+1.6%
May 18, 2026Higher$0.630 → $0.640+1.6%
Nov 10, 2025Higher$0.530 → $0.630+18.9%
Aug 25, 2025Higher$0.500 → $0.530+6.0%
May 12, 2025Higher$0.490 → $0.500+2.0%
Feb 24, 2025Higher$0.480 → $0.490+2.1%
Nov 4, 2024Higher$0.450 → $0.480+6.7%
Aug 26, 2024Higher$0.440 → $0.450+2.3%
May 17, 2024Higher$0.420 → $0.440+4.8%
Feb 23, 2024Higher$0.410 → $0.420+2.4%
Nov 3, 2023Higher$0.390 → $0.410+5.1%
Every MUSA payment →Download every raise and cut (CSV)
MUSA ex-dividend date & scheduleNext ex-date Nov 4, 2026 · full ex-dividend historyView →MUSA dividend historyEvery payment, totals by year, raises and cutsView →MUSA dividend calculator100 shares pay $288.00 a year, $72.00 each quarterCalculate →MUSA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is MUSA a good dividend stock?

Yes, with caveats. Murphy USA Inc. (MUSA) pays a quarterly dividend yielding 0.55% ($2.88/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is MUSA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MUSA's fair value is about $324.02 versus a $521.89 share price — so it looks overvalued (-38% vs. fair value).

Is MUSA's dividend safe?

MUSA has a dividend-safety grade of B (74/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MUSA's fair value?

Our blended fair-value estimate for MUSA is about $324.02 per share, about 38% below the current $521.89 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MUSA a buy, hold, or sell?

We don't issue formal ratings, but on the data MUSA screens as "yes, with caveats" and overvalued. Murphy USA Inc. (MUSA) pays a quarterly dividend yielding 0.55% ($2.88/yr), with 5 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 MUSA cut its dividend?

MUSA earns a dividend-safety grade of B (74/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MUSA pay a dividend?

Yes. Murphy USA Inc. pays a quarterly dividend of about $2.88 per share annually, a forward yield of roughly 0.55%.

How much dividend does 100 shares of MUSA pay?

At $2.88 per share a year, 100 shares of MUSA pay $288.00 a year in dividends before tax, about $72.00 each quarter. Buying them costs about $52,189 at the Nov 8, 2026 price.

What is MUSA's dividend yield?

As of Nov 8, 2026, MUSA's forward dividend yield is 0.55%, based on a $2.88 annual dividend and a $521.89 share price.

What is MUSA's dividend per share?

As of Nov 8, 2026, MUSA pays $2.88 per share per year, distributed on a quarterly basis.

What is MUSA's dividend payout ratio?

As of Nov 8, 2026, MUSA's payout ratio is 7% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MUSA grown its dividend?

As of Nov 8, 2026, MUSA has increased its dividend for 5 consecutive years.

When is the next MUSA ex-dividend date?

As of Nov 8, 2026, MUSA's next ex-dividend date hasn't been announced. The most recent was Nov 4, 2026, for $0.72 per share.

MUSA Dividend News

MUSA
IncreaseMUSA·Oct 28, 2026

Murphy USA Raises Quarterly Dividend 10.8% to $0.72

Murphy USA raises its quarterly dividend 10.8% to $0.72, extending a 5-year growth streak with a 7% earnings payout ratio and a 0.53% forward yield.

MUSA
IncreaseMUSA·Aug 25, 2026

Murphy USA Raises Quarterly Dividend to $0.65

Murphy USA increased its quarterly dividend by 1.56%, extending its dividend-growth streak to five consecutive years.

MUSA
IncreaseMUSA·Jun 11, 2026

Murphy USA Raises Quarterly Dividend to 64 Cents

Murphy USA increased its quarterly dividend to $0.64 per share from $0.63, extending its dividend-growth streak to five years.

Income Calculator

At $2.88 / yr per share

Per payment (quarterly)$72.00
Annual$288.00
Monthly avg$24.00
Full MUSA dividend calculator →

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