MDU Resources Group, Inc. (MDU) to Issue Quarterly Dividend of $0.13 on July 1st

MDU Resources Group, Inc. (NYSE:MDU) announced a quarterly dividend on Wednesday, May 14th, RTT News reports. Investors of record on Thursday, June 12th will be paid a dividend of 0.13 per share by the utilities provider on Tuesday, July 1st. This represents a $0.52 annualized dividend and a yield of 3.02%.

MDU Resources Group has decreased its dividend by an average of 15.8% per year over the last three years and has raised its dividend every year for the last 1 years. MDU Resources Group has a dividend payout ratio of 50.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MDU Resources Group to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 51.5%.

MDU Resources Group Stock Up 2.5%

NYSE:MDU opened at $17.23 on Friday. MDU Resources Group has a 1 year low of $13.23 and a 1 year high of $20.39. The stock has a 50-day moving average price of $16.81 and a two-hundred day moving average price of $17.79. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.76 and a beta of 0.72. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $653.13 million. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. MDU Resources Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. As a group, equities analysts expect that MDU Resources Group will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.