MDU Resources Group Inc Declares Quarterly Dividend of $0.18 (MDU)
MDU Resources Group (NYSE:MDU) announced a quarterly dividend on Thursday, August 14th, Analyst RN reports. Shareholders of record on Thursday, September 11th will be paid a dividend of 0.1775 per share on Wednesday, October 1st. This represents a $0.71 annualized dividend and a dividend yield of 2.31%.
MDU has been the subject of a number of recent research reports. Analysts at DA Davidson reiterated a “buy” rating on shares of MDU Resources Group in a research note on Wednesday, August 6th. They now have a $38.00 price target on the stock, down previously from $42.00. Analysts at Wells Fargo & Co. initiated coverage on shares of MDU Resources Group in a research note on Thursday, July 10th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $36.40.
MDU Resources Group (NYSE:MDU) traded down 0.03% during mid-day trading on Thursday, hitting $30.67. The stock had a trading volume of 142,549 shares. MDU Resources Group has a 1-year low of $25.94 and a 1-year high of $36.05. The stock’s 50-day moving average is $32.77 and its 200-day moving average is $33.64. The company has a market cap of $5.948 billion and a price-to-earnings ratio of 20.39.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. The company had revenue of $139.60 million for the quarter, compared to the consensus estimate of $149.60 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that MDU Resources Group will post $1.59 EPS for the current fiscal year.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (NYSE:MDU) is a public utility division of the Company.
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