Mdu Resources Group Inc (MDU) to Issue Quarterly Dividend of $0.20 on October 1st

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.

Mdu Resources Group (NYSE:MDU) last released its earnings results on Tuesday, July 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Mdu Resources Group had a net margin of 5.91% and a return on equity of 11.11%. The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts anticipate that Mdu Resources Group will post 1.51 earnings per share for the current year.

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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Dividend History for Mdu Resources Group (NYSE:MDU)

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