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

MDU Resources Group, Inc. (NYSE:MDU) announced a quarterly dividend on Thursday, February 13th, RTT News reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.13 per share by the utilities provider on Tuesday, April 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, March 13th.

MDU Resources Group has decreased its dividend payment by an average of 15.8% annually over the last three years. MDU Resources Group has a dividend payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of MDU stock opened at $16.89 on Tuesday. MDU Resources Group has a twelve month low of $14.91 and a twelve month high of $30.52. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 2.76 and a beta of 0.81. The stock has a fifty day simple moving average of $17.45 and a two-hundred day simple moving average of $21.21. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, analysts predict that MDU Resources Group will post 0.94 EPS for the current fiscal year.

Insider Activity at MDU Resources Group

In other MDU Resources Group news, Director Dennis W. Johnson bought 30,000 shares of MDU Resources Group stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $16.64 per share, with a total value of $499,200.00. Following the transaction, the director now directly owns 180,166 shares of the company’s stock, valued at approximately $2,997,962.24. This represents a 19.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MDU shares. StockNews.com cut MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Jefferies Financial Group began coverage on MDU Resources Group in a research note on Wednesday, January 8th. They set a “hold” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.