Murphy USA Announces CEO Succession, Boosts Share Repurchases and Dividends
Murphy USA Inc. (MUSA) has announced significant changes to its leadership and capital management strategies. Andrew Clyde will retire from the Board of Directors and his role as CEO at the end of 2025, while Mindy West will take over as President and Chief Executive Officer starting January 1, 2026.
The Board has approved a new share repurchase program worth up to $2 billion, set to commence after the current authorization of $1.5 billion is completed. Since the 2013 spinoff, MUSA has repurchased over 29 million shares, representing 63% of its original shares outstanding, at an average price of $139 per share.
In addition, the Board has declared a quarterly cash dividend of $0.63 per common share, marking a 19% increase from the previous quarter. The record date for this dividend is November 10, 2025, with the payment date scheduled for December 1, 2025. Furthermore, the company has announced an incremental 10% increase to the dividend pool for the next twelve months.
Mindy West's appointment as the new CEO comes with a base salary of $900,000. The Board's approval of an increased share repurchase authorization and a 10% annual dividend pool increase for another five years reflects the company's commitment to returning capital to shareholders and maintaining a strong financial position.
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