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BISMARCK, N.D. - MDU Resources Group, Inc. (NYSE: MDU) announced today that its board of directors has declared a quarterly dividend of 13.0 cents per share on the company’s common stock. This rate is consistent with the dividend paid in the previous quarter. Stockholders of record as of March 13, 2025, will be eligible for the dividend, which is scheduled for payment on April 1.
MDU Resources Group, a constituent of the S&P SmallCap 600 index, has a history dating back to 1924 when it started as a small electric utility. Now, the company has expanded its reach, serving over 1.2 million customers across eight states. As MDU Resources celebrates its centennial, it continues to focus on its core operations, which include regulated electric and natural gas distribution and pipeline segments.
The company operates primarily in the Pacific Northwest and Midwest, where it constructs and manages infrastructure crucial for delivering natural gas and electricity to residential and commercial premises. This announcement comes as MDU Resources remains committed to providing value to its shareholders while marking a significant milestone in its long-standing history.
The declaration of this dividend reflects the company’s ongoing financial stability and its ability to consistently return value to its shareholders. It is a signal of the board’s confidence in the company’s financial health and its commitment to uphold shareholder interests.
Investors and interested parties can find more information about MDU Resources Group, including details on its 100th anniversary, on the company’s website. This announcement is based on a press release statement issued by MDU Resources Group, Inc.
In other recent news, MDU Resources Group Inc. reported a shortfall in its fourth-quarter 2024 earnings, with earnings per share (EPS) of $0.34 falling short of the forecasted $0.3006. Revenue also missed expectations, coming in at $535.5 million against an anticipated $789.62 million. The company also announced its plans for a $3.1 billion capital investment over the next five years.
On a separate note, BofA Securities analyst Ross Fowler adjusted the price target for MDU Resources, bringing it down to $19.00 from the previous $20.00, while maintaining a Buy rating for the stock. The revision follows MDU’s announcement of its fiscal year 2025 earnings guidance, which suggested a variable EPS growth rate ranging from a 2% decrease to an 8% increase from the fiscal year 2024 EPS of $0.90. Despite a lowered price target, BofA Securities maintains confidence in MDU Resources’ long-term growth prospects.
These are the recent developments for MDU Resources, shedding light on the company’s performance and future plans. While the company’s earnings and revenue results fell short of expectations, the firm’s strategic contracts and diversified regulatory environment position it favorably for future performance, according to BofA Securities.
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