Murphy Oil Corporation (MUR) will raise its dividend by 20 percent to $0.15 per share in 2022. The company earlier cut its dividend by 28.6 percent to 25 cents quarterly in 2016 and by 50 percent in 2020.

The increased MUR dividend is payable on March 1, 2022, to stockholders of record as of February 16, 2022. The ex-dividend date is February 11, 2022.

Murphy Oil Corporation is a global oil and natural gas exploration and production company. The Company was originally incorporated in Louisiana in 1950 as Murphy Corporation. Murphy’s exploration and production activities are subdivided into three geographic segments, including the United States, Canada, and all other countries. Additionally, Corporate activities include interest income, interest expense, foreign exchange effects, corporate risk management activities and administrative costs not allocated to the segments. The company’s corporate headquarters are located in El Dorado, Arkansas.