MDU Resources Announces Quarterly Dividend on Common Stock
MDU Resources Group (NYSE: MDU) has declared a quarterly dividend of $0.13 per share on its common stock, maintaining the same rate as the previous quarter.
Sentiment and the balance of points
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Rhea-AI Summary
MDU Resources Group (NYSE: MDU) has declared a quarterly dividend of $0.13 per share on its common stock, maintaining the same rate as the previous quarter. The dividend will be paid on January 1, 2025, to stockholders of record as of December 12, 2024. The board maintains its target for a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. MDU Resources, a member of the S&P SmallCap 600 index, provides essential products and services through regulated energy delivery businesses.
Positive
- Consistent dividend payment maintained at $0.13 per share
- Clear dividend payout ratio target of 60-70% of regulated earnings indicates stable dividend policy
Negative
- None.
Details
News Market Reaction – MDU
The recorded move for MDU in the trading session of this news was -2.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The dividend is payable on Jan. 1, 2025 to stockholders of record as of Dec.12, 2024.
About MDU Resources
MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated energy delivery businesses. Founded in 1924, the company is celebrating its 100th anniversary; learn more at www.mdu.com/100th-anniversary. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that MDU Resources anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are based on many assumptions and factors, which are detailed in MDU Resources' filings with the U.S. Securities and Exchange Commission (the "SEC"). These forward-looking statements are based largely on MDU Resources' expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond its control. For additional discussion regarding risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in MDU Resources' most recent Annual Report on Form 10-K and subsequent filings with the SEC. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update the forward-looking statements, whether due to new information, future events, or otherwise.
Investor Contact: Brent Miller, assistant treasurer, 701-530-1730
Media Contact: Byron Pfordte, manager of integrated communications, 208-377-6050
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SOURCE MDU Resources Group, Inc.
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