MDU Resources Group, Inc. (NYSE:MDU) Plans Quarterly Dividend of $0.14

MDU Resources Group, Inc. (NYSE:MDU) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.145 per share by the utilities provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 10th. This is a 3.6% increase from MDU Resources Group’s previous quarterly dividend of $0.14.

MDU Resources Group has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. MDU Resources Group has a dividend payout ratio of 53.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MDU Resources Group to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 52.8%.

MDU Resources Group Stock Down 1.0%

Shares of NYSE MDU opened at $20.30 on Friday. MDU Resources Group has a 52-week low of $15.76 and a 52-week high of $22.98. The firm has a fifty day moving average of $20.89 and a 200-day moving average of $21.10. The stock has a market capitalization of $4.16 billion, a PE ratio of 21.37, a P/E/G ratio of 3.79 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.