MDU Resources Announces Increased Quarterly Dividend
Rhea-AI Summary
MDU Resources (NYSE: MDU) announced that its board increased the quarterly dividend on common stock to $0.145 per share, equivalent to an annualized dividend of $0.56 per share, up about 3.6% from the prior $0.14 quarterly dividend.
The board also reset the long-term dividend payout ratio target to 55%–65% of earnings, compared with the previous 60%–70% range, to provide more flexibility for capital investment, reduce future equity needs and support long-term growth. The dividend is payable October 1, 2026, to shareholders of record on September 10, 2026. MDU Resources reports an uninterrupted dividend record spanning more than eight decades, alongside utility operations serving over 1.2 million customers and a 3,800-mile natural gas pipeline and storage network.
Positive
- Quarterly dividend raised to $0.145 per share, a 3.6% increase
- Annualized dividend now $0.56 per share starting with this increase
- Payout ratio target reset to 55%–65% of earnings for more flexibility
- Uninterrupted dividend record maintained for more than eight decades
Negative
- Lower payout ratio target from 60%–70% to 55%–65% may signal relatively less earnings allocated to dividends over time
AI-generated analysis. How Rhea-AI works. Not financial advice.
The board also revised the company's long-term dividend payout ratio target to
"MDU Resources is making significant investments in our utility and pipeline operations to meet growing customer demand and continue providing safe, reliable and affordable essential services," said Nicole Kivisto, president and CEO of MDU Resources. "The revised payout ratio target supports a balanced approach to funding those investments, while still returning meaningful value to our stockholders. Our increased dividend reflects the board's confidence in the company's long-term strategy and financial strength."
MDU Resources has paid uninterrupted dividends for more than eight decades. The board regularly evaluates the company's dividend in light of earnings, capital requirements, financial condition and other factors to support long-term value creation.
The dividend is payable on Oct. 1, 2026, to stockholders of record as of Sept. 10, 2026.
About MDU Resources Group, Inc.
MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, strives to deliver safe, reliable, cost-effective and environmentally responsible electric utility and natural gas distribution services to more than 1.2 million customers across the Pacific Northwest and Midwest. In addition to its utility operations, the company's pipeline business operates a more than 3,800-mile natural gas pipeline network and storage system, ensuring reliable energy delivery across the Northern Plains. With a legacy spanning over a century, MDU Resources remains focused on energizing lives for a better tomorrow. For more information about MDU Resources, visit www.mdu.com or contact the investor relations department at investor@mduresources.com.
Investor Contact: Brent Miller, treasurer, 701-530-1730
Media Contact: Byron Pfordte, director of integrated communications, 208-377-6050
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SOURCE MDU Resources Group, Inc.