Murphy USA Inc.’s board declared a quarterly cash dividend of $0.38 per share, or $1.52 per share on an annualized basis, according to a May 4 press release. 

The dividend is payable as of June 1 to any stockholders of record by May 15. The dividend is up 3% when compared to the previous quarter.

Murphy USA is a gasoline and convenience retailer with over 1,700 stores and nearly 15,000 employees to its brand. They are mostly found in the Southwest, Midwest, Northeast and Southeast U.S.