MDU Resources Group, Inc. (NYSE:MDU) Declares $0.14 Quarterly Dividend

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 dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th.

MDU Resources Group has increased its dividend by an average of 0.7%per year over the last three years and has increased its dividend every year for the last 1 years. MDU Resources Group has a dividend payout ratio of 53.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.7%

MDU Resources Group stock traded down $0.15 during midday trading on Friday, hitting $20.48. 184,046 shares of the stock were exchanged, compared to its average volume of 1,899,614. 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’s 50-day simple moving average is $18.41 and its 200 day simple moving average is $17.36. MDU Resources Group has a fifty-two week low of $15.04 and a fifty-two week high of $21.49. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.12 and a beta of 0.73.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. MDU Resources Group’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. On average, equities analysts anticipate that MDU Resources Group will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MDU shares. TD Cowen assumed coverage on MDU Resources Group in a research note on Thursday, October 16th. They set a “hold” rating and a $20.00 target price for the company. Cowen started coverage on MDU Resources Group in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Wall Street Zen cut MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Jefferies Financial Group lifted their price target on shares of MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings raised MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Company Profile

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.