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

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

MDU Resources Group has raised its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. MDU Resources Group has a dividend payout ratio of 53.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 0.0%

MDU Resources Group stock traded down $0.01 during mid-day trading on Friday, hitting $20.62. 392,399 shares of the company’s stock were exchanged, compared to its average volume of 1,900,592. MDU Resources Group has a 1-year low of $15.04 and a 1-year high of $21.49. The stock has a 50 day moving average of $18.41 and a two-hundred day moving average of $17.36. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.21 billion, a P/E ratio of 19.45, a P/E/G ratio of 3.12 and a beta of 0.73.

MDU Resources Group (NYSE:MDU) last released its quarterly 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%.During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. As a group, analysts anticipate that MDU Resources Group will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jason L. Vollmer acquired 5,000 shares of MDU Resources Group stock in a transaction on Monday, September 8th. The stock was bought at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the transaction, the chief financial officer owned 344,548 shares of the company’s stock, valued at $5,536,886.36. The trade was a 1.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by company insiders.

Institutional Trading of MDU Resources Group

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in MDU Resources Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,405,598 shares of the utilities provider’s stock worth $395,789,000 after purchasing an additional 408,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MDU Resources Group by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 9,764,097 shares of the utilities provider’s stock worth $173,898,000 after purchasing an additional 339,573 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of MDU Resources Group by 4.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,128,208 shares of the utilities provider’s stock worth $162,573,000 after purchasing an additional 348,762 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of MDU Resources Group by 0.3% during the second quarter. Geode Capital Management LLC now owns 3,427,029 shares of the utilities provider’s stock worth $57,144,000 after purchasing an additional 8,754 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of MDU Resources Group by 30.1% in the first quarter. Invesco Ltd. now owns 3,124,863 shares of the utilities provider’s stock valued at $52,841,000 after buying an additional 723,560 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

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.