Mdu Resources Group Inc (NYSE:MDU) Announces Dividend Increase – $0.21 Per Share

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Mdu Resources Group Inc (NYSE:MDU) announced a quarterly dividend on Thursday, November 14th, RTT News reports. Investors of record on Thursday, December 12th will be given a dividend of 0.2075 per share by the utilities provider on Wednesday, January 1st. This represents a $0.83 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from Mdu Resources Group’s previous quarterly dividend of $0.20.

Shares of MDU opened at $29.30 on Monday. Mdu Resources Group has a 52 week low of $22.73 and a 52 week high of $29.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 1.41. The company’s 50 day moving average price is $28.73 and its 200 day moving average price is $27.10. The company has a market capitalization of $5.87 billion, a PE ratio of 21.23, a PEG ratio of 2.75 and a beta of 0.68.

Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.08. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Mdu Resources Group had a net margin of 6.17% and a return on equity of 11.90%. Mdu Resources Group’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities analysts forecast that Mdu Resources Group will post 1.5 earnings per share for the current fiscal year.

Separately, Williams Capital boosted their target price on shares of Mdu Resources Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

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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