Mdu Resources Group Inc (NYSE:MDU) announced a quarterly dividend on Thursday, February 13th, RTT News reports. Stockholders of record on Thursday, March 12th will be given a dividend of 0.2075 per share by the utilities provider on Wednesday, April 1st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, March 11th.
Mdu Resources Group has raised its dividend by an average of 2.3% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Mdu Resources Group has a payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mdu Resources Group to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.83 annual dividend with an expected future payout ratio of 44.9%.
Mdu Resources Group stock opened at $31.92 on Friday. The stock has a market capitalization of $6.34 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. Mdu Resources Group has a 12 month low of $24.37 and a 12 month high of $31.92. The business has a 50 day simple moving average of $29.80 and a 200-day simple moving average of $28.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.41 and a quick ratio of 1.14.
Separately, ValuEngine cut Mdu Resources Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th.
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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