Murphy Oil increases quarterly dividend 10% to 27.5c per share

The board of directors of Murphy Oil declared a quarterly cash dividend on the common stock of Murphy Oil Corporation of 27.5c per share, or $1.10 per share on an annualized basis. This represents a 120% increase since fourth quarter 2021 and a 10% increase from the previous quarter. The dividend is payable on March 1 to stockholders of record as of February 13.