MDU Resources Group, Inc. (NYSE:MDU) Plans Dividend Increase - $0.14 Per Share

Key Points

• MDU Resources Group, Inc. announced a quarterly dividend increase of $0.14 per share, representing a 7.7% rise from the previous dividend of $0.13.
• The company's dividend payout ratio stands at 50%, indicating that it is adequately covered by earnings, with expected earnings per share of $1.01 next year.
• MDU Resources Group's stock price fell 1.6% to $16.62, with a market capitalization of $3.40 billion and a current P/E ratio of 15.68.

MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Shareholders of record on Thursday, September 11th will be given a dividend of 0.14 per share by the utilities provider on Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.4%. This is a 7.7% increase from MDU Resources Group's previous quarterly dividend of $0.13.

MDU Resources Group has a dividend payout ratio of 50.0% meaning 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 $0.52 annual dividend with an expected future payout ratio of 51.5%.

MDU Resources Group Stock Down 1.6%

MDU traded down $0.27 on Thursday, hitting $16.62. The company had a trading volume of 1,738,021 shares, compared to its average volume of 1,697,041. MDU Resources Group has a 12-month low of $14.91 and a 12-month high of $30.52. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. The stock has a fifty day moving average price of $16.73 and a 200-day moving average price of $16.86.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%. The business had revenue of $351.20 million for the quarter, compared to analysts' expectations of $315.67 million. During the same quarter in the previous year, the firm posted $0.32 EPS. MDU Resources Group's revenue was up 1.9% on a year-over-year basis. Analysts predict that MDU Resources Group will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered MDU Resources Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

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.

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