MDU Resources Group, Inc. (MDU) to Issue Quarterly Dividend of $0.13 on July 1st

MDU Resources Group, Inc. (NYSE:MDUGet Free Report) announced a quarterly dividend on Wednesday, May 15th, RTT News reports. Shareholders of record on Thursday, June 13th will be given a dividend of 0.125 per share by the utilities provider on Monday, July 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, June 13th.

MDU Resources Group has decreased its dividend payment by an average of 5.9% annually over the last three years. MDU Resources Group has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Analysts expect MDU Resources Group to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 30.3%.

MDU Resources Group Trading Up 1.4 %

MDU Resources Group stock opened at $24.81 on Tuesday. The stock has a market cap of $5.06 billion, a P/E ratio of 10.60, a PEG ratio of 2.63 and a beta of 0.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.43 and a quick ratio of 1.37. MDU Resources Group has a 1 year low of $18.04 and a 1 year high of $25.99. The firm’s 50 day moving average price is $24.89 and its 200-day moving average price is $22.08.

MDU Resources Group (NYSE:MDUGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.33 billion. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities analysts predict that MDU Resources Group will post 1.55 earnings per share for the current fiscal year.

Insider Transactions at MDU Resources Group

In other MDU Resources Group news, insider Rob L. Johnson bought 36,291 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $25.46 per share, for a total transaction of $923,968.86. Following the completion of the transaction, the insider now owns 41,934 shares in the company, valued at $1,067,639.64. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

MDU has been the subject of a number of recent research reports. StockNews.com raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Argus raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Monday, May 20th.

Read Our Latest Report on MDU

About MDU Resources Group

(Get Free Report)

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.

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Dividend History for MDU Resources Group (NYSE:MDU)

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