Mdu Resources Group Inc (NYSE:MDU) declared a quarterly dividend on Thursday, August 15th, RTT News reports. Shareholders of record on Thursday, September 12th will be given a dividend of 0.2025 per share by the utilities provider on Tuesday, October 1st. This represents a $0.81 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, September 11th.
Mdu Resources Group has raised its dividend by an average of 2.7% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Mdu Resources Group has a payout ratio of 58.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mdu Resources Group to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.81 annual dividend with an expected future payout ratio of 50.0%.
MDU opened at $27.28 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.53 and a beta of 0.67. Mdu Resources Group has a twelve month low of $22.73 and a twelve month high of $27.97. The company’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $25.99.
Separately, Zacks Investment Research raised shares of Mdu Resources Group from a “sell” rating to a “hold” rating in a research report on Monday, May 20th.
About Mdu Resources Group
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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