MDU Resources Group, Inc. (MDU) To Go Ex-Dividend on September 10th

MDU Resources Group, Inc. (NYSE:MDU) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.145 per share by the utilities provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 3.6% increase from MDU Resources Group’s previous quarterly dividend of $0.14.

MDU Resources Group has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. MDU Resources Group has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MDU Resources Group to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 55.2%.

MDU Resources Group Trading Up 0.1%

Shares of MDU Resources Group stock opened at $19.59 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a 50-day moving average of $20.48 and a 200-day moving average of $21.05. MDU Resources Group has a 52-week low of $15.76 and a 52-week high of $22.98. The stock has a market cap of $4.01 billion, a PE ratio of 20.62, a PEG ratio of 3.62 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The business had revenue of $375.30 million during the quarter, compared to analysts’ expectations of $396.56 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s revenue was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, sell-side analysts forecast that MDU Resources Group will post 0.98 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MDU. JPMorgan Chase & Co. upgraded MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research report on Thursday, August 6th. Wells Fargo & Company assumed coverage on MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 price target for the company. Weiss Ratings cut shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. Finally, TD Cowen increased their price objective on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, MDU Resources Group presently has an average rating of “Hold” and an average price target of $23.40.

About MDU Resources Group

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.