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 paid a dividend of 0.2075 per share by the utilities provider on Wednesday, January 1st. This represents a $0.83 annualized dividend and a yield of 2.86%. This is an increase from Mdu Resources Group’s previous quarterly dividend of $0.20.

Shares of MDU opened at $29.01 on Friday. The business’s 50 day moving average is $28.24 and its 200 day moving average is $26.75. The company has a market capitalization of $5.83 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.73 and a beta of 0.65. Mdu Resources Group has a 12-month low of $22.73 and a 12-month high of $29.46. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81.

Mdu Resources Group (NYSE:MDU) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Mdu Resources Group had a return on equity of 11.90% and a net margin of 6.17%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Equities research analysts predict that Mdu Resources Group will post 1.5 earnings per share for the current year.

Separately, Williams Capital lifted their price objective on Mdu Resources Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, September 16th.

Mdu Resources Group Company Profile

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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