Murphy USA Welcomes New CEO, Boosts Shareholder Returns with Dividend Hike and $2B Buyback
Murphy USA (MUSA) has announced significant changes in leadership and a boost in shareholder returns. Mindy K. West will take over as President and Chief Executive Officer, while the Board has approved a substantial increase in the quarterly cash dividend and a new share repurchase program.
Effective January 1, 2026, Mindy K. West will succeed Andrew Clyde as President and Chief Executive Officer of Murphy USA. West will also join the Board of Directors on the same date. Clyde, who has led the company since its 2013 spinoff, will retire on December 31, 2025, and step down from the Board.
The Board has declared a quarterly cash dividend of $0.63 per common share, marking a 19% increase from the Q3 2025 dividend. The record date is November 10, 2025, with the payment date set for December 1, 2025.
In a show of confidence in the company's future, the Board has approved a new share repurchase program worth up to $2 billion, expiring on December 31, 2030. This follows the completion of the current $1.5 billion authorization, with $337 million remaining available. Since the 2013 spinoff, Murphy USA has repurchased over 29 million shares, or 63% of its original shares outstanding, at an average price of $139 per share.
The Board has also approved an increased share repurchase authorization and renewed the company's policy of increasing its annual dividend pool by 10% for another 5 years. An incremental 10% will be added to the dividend pool for the next twelve months.
Mindy K. West's appointment as President and Chief Executive Officer signals a new era for Murphy USA. With increased shareholder returns and a robust share repurchase program, the company looks to strengthen its position in the market and create value for its stakeholders.
