MDU Resources Group, Inc. (MDU) to Issue Quarterly Dividend of $0.14 on October 1st

MDU Resources Group, Inc. (NYSE:MDU) announced 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 yield of 2.8%. The ex-dividend date of this dividend 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%annually over the last three years and has raised its dividend every year for the last 1 years. MDU Resources Group has a payout ratio of 53.8% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.8%

MDU opened at $20.65 on Friday. The firm’s 50 day simple moving average is $20.87 and its two-hundred day simple moving average is $21.10. The company has a market capitalization of $4.23 billion, a PE ratio of 21.74, a PEG ratio of 3.75 and a beta of 0.67. MDU Resources Group has a 1-year low of $15.76 and a 1-year high of $22.98. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88.

About MDU Resources Group

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.