MDU Resources Declares Quarterly Dividend on Common Stock

MDU Resources announced a quarterly dividend of 12.5 cents per share, consistent with the previous quarter's dividend.

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Rhea-AI Summary

MDU Resources announced a quarterly dividend of 12.5 cents per share, consistent with the previous quarter's dividend. The payout will occur on July 1, 2024, for shareholders on record as of June 13, 2024. This decision reflects the company's ongoing commitment to returning value to its shareholders.

Positive

Quarterly dividend of 12.5 cents per share, unchanged from the previous quarter, showing stability.
Dividend is payable on July 1, 2024, ensuring timely returns for shareholders.
Declaration indicates continued shareholder value commitment.

Negative

No increase in the dividend amount, potentially signaling growth.
Dividend declaration alone may not address other financial or operational concerns.

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News Market Reaction – MDU

The recorded move for MDU in the trading session of this news was +0.88%.

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05/15/2024 - 11:10 AM EDT

BISMARCK, N.D., May 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today declared a quarterly dividend on the company's common stock of 12.5 cents per share, unchanged from the previous quarter. The dividend is payable July 1 to stockholders of record June 13, 2024.

About MDU Resources
MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides essential products and services through its regulated energy delivery and construction services 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.

Investor Contact: Brent Miller, assistant treasurer, 701-530-1730
Media Contact: Laura Lueder, manager of communications and public relations, 701-530-1095

View original content to download multimedia:https://www.prnewswire.com/news-releases/mdu-resources-declares-quarterly-dividend-on-common-stock-302146503.html

SOURCE MDU Resources Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend declared by MDU Resources on May 15, 2024?

MDU Resources declared a 12.5 cents per share quarterly dividend.

When will MDU Resources' next dividend be payable?

The next dividend will be payable on July 1, 2024.

What is the record date for MDU Resources' dividend announced in May 2024?

The record date for the dividend is June 13, 2024.

Has MDU Resources increased its dividend in the May 2024 announcement?

No, the dividend remains unchanged at 12.5 cents per share.

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MDU Resources Declares Quarterly Dividend on Common Stock