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

MDU Resources Group, Inc. (NYSE:MDU) announced a quarterly dividend on Thursday, November 13th. Investors of record on Thursday, December 11th will be given a dividend of 0.14 per share by the utilities provider on Thursday, January 1st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th.

MDU Resources Group has increased its dividend by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 1 years. MDU Resources Group has a payout ratio of 53.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect MDU Resources Group to earn $1.01 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 55.4%.

MDU Resources Group Price Performance

MDU traded down $0.15 during trading on Friday, reaching $20.48. 184,046 shares of the company traded hands, compared to its average volume of 1,899,614. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. The company has a market cap of $4.18 billion, a P/E ratio of 19.31, a PEG ratio of 3.12 and a beta of 0.73. The firm has a fifty day simple moving average of $18.41 and a 200 day simple moving average of $17.36. MDU Resources Group has a 12-month low of $15.04 and a 12-month high of $21.49.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, November 6th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. On average, equities analysts forecast that MDU Resources Group will post 0.94 EPS for the current year.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.