Analyzing Murphy Oil's Ex-Dividend Date

On August 4, 2021, Murphy Oil MUR declared a dividend payable on September 1, 2021 to its shareholders. Murphy Oil also announced that shareholders on the company's books on or before August 16, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Murphy Oil has an ex-dividend date set for for August 13, 2021. The company's current dividend payout is $0.12, which equates to a dividend yield of 2.35% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Murphy Oil's Dividend History

Over the past year, Murphy Oil has seen its dividend payouts remain the same and its yields trend downward. Last year on August 14, 2020 the company's payout sat at $0.12, which has returned to its value today. Murphy Oil's dividend yield last year was 3.58%, which has since decreased by 1.23%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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