MDU Resources Group Inc (MDU) Declares $0.20 Quarterly Dividend

MDU Resources Group Inc (NYSE:MDU) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Thursday, March 8th will be paid a dividend of 0.1975 per share by the utilities provider on Sunday, April 1st. This represents a $0.79 dividend on an annualized basis and a yield of 2.89%.

MDU Resources Group has raised its dividend payment by an average of 2.7% annually over the last three years and has increased its dividend every year for the last 8 years. MDU Resources Group has a dividend payout ratio of 66.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MDU Resources Group to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.79 annual dividend with an expected future payout ratio of 52.7%.

Shares of MDU Resources Group (NYSE:MDU) traded up $0.08 during midday trading on Thursday, reaching $27.30. 222,468 shares of the company’s stock were exchanged, compared to its average volume of 941,090. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. MDU Resources Group has a 52 week low of $24.29 and a 52 week high of $28.22. The firm has a market cap of $5,259.55, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The company had revenue of $1.17 billion during the quarter. During the same period in the prior year, the company posted $0.33 earnings per share. MDU Resources Group’s quarterly revenue was up 14.7% compared to the same quarter last year. sell-side analysts anticipate that MDU Resources Group will post 1.38 EPS for the current year.

A number of analysts have commented on the stock. Williams Capital reduced their price objective on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. KeyCorp reaffirmed a “buy” rating and set a $28.00 price objective on shares of MDU Resources Group in a research note on Friday, October 20th. Finally, Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday.

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MDU Resources Group Company Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

Dividend History for MDU Resources Group (NYSE:MDU)

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