|
Shares of Murphy Oil Corp., based in El Dorado, Ark., rose $4.25, or 7.2 percent, to $63.25 in morning trading after trading as high as $63.42 earlier in the session. They are near their 52-week high of $65.60 set in late February. They traded as low as $43.29 in late June. Murphy announced a special dividend of $2.50 for a total of $500 million and a stock buyback program covering $1 billion in common shares. The dividend will be paid on Dec. 3 to shareholders of record as of Nov. 16 and is in addition to the company's previously announced dividend of 31.25 cents.
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor