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Murphy Oil Corporation ( NYSE:MUR ) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before a company’s record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. This means that investors who purchase Murphy Oil’s shares on or after the 12th of May will not receive the dividend, which will be paid on the 1st of June. The company’s upcoming dividend is US$0.28 a share, following on from the last 12 months, when the company distributed a total of US$1.10 per share to shareholders. Based on the last year’s worth of payments, Murphy Oil has a trailing yield of 3.2% on the current stock price of $34.7. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That’s why we should always check whether the dividend payments appear sustainable, and if the company is growing. See our latest analysis for Murphy Oil Dividends […]
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