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BISMARCK, N.D. - MDU Resources Group, Inc. (NYSE:MDU), a $3.4 billion utility company currently yielding 3.08%, announced Thursday that its board of directors has raised the company’s quarterly dividend to 14 cents per share, up from 13 cents previously, representing a 7.7% increase.
The dividend increase brings the annualized payout to 56 cents per share. The company’s board continues to target a long-term dividend payout ratio of 60% to 70% of earnings. According to InvestingPro data, MDU maintains a healthy P/E ratio of 15.8x and has achieved strong returns over the past five years, with its overall Financial Health Score rated as GOOD.
"With an 87-year record of uninterrupted dividends, we’re proud to once again increase the company’s quarterly payout," said Darrel T. Anderson, chair of the board, in a press release statement.
The dividend will be payable on October 1, 2025, to stockholders of record as of September 11, 2025.
MDU Resources, a member of the S&P SmallCap 600 index, provides electric utility and natural gas distribution services to more than 1.2 million customers across the Pacific Northwest and Midwest. The company also operates a natural gas pipeline network spanning over 3,800 miles with storage systems in the Northern Plains.
The company has maintained an uninterrupted dividend payment record for 87 years, according to the announcement.
In other recent news, MDU Resources Group Inc reported its earnings for the second quarter of 2025, revealing an EPS of $0.07, which did not meet the forecasted $0.11. The company managed to exceed revenue expectations, but increased operating costs and unfavorable weather conditions presented significant challenges. Additionally, MDU Resources has elected Charles M. Kelley and Tammy J. Miller to its board of directors, effective August 12, 2025. Kelley brings over 40 years of experience in the natural gas industry, having served as senior vice president of Natural Gas Pipelines at ONEOK, Inc. His extensive background includes overseeing more than $600 million in capital projects during his 25-year tenure at ONEOK. These developments come amid the company’s ongoing efforts to navigate a complex operating environment.
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