Murphy Oil (MUR) Lowers Quarterly Dividend 28.6% to $0.25; 3.8% Yield

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MURPHY OIL CORPORATION ANNOUNCES DIVIDEND

August 3, 2016 4:49 PM EDT

EL DORADO, Arkansas, August 3, 2016 - The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.25 per share, or $1.00 per share on an annualized basis. This represents approximately a 29 percent reduction from the previous quarterly level of $0.35 per share. The dividend is payable September 1, 2016 to holders of record August 15, 2016.

"The decision to reduce... More