MDU Resources Increases Stock Dividend for 31st Consecutive Year
MDU Resources Group, Inc. (NYSE: MDU) has increased its quarterly common stock dividend to 21.75 cents per share, amounting to an annualized 87 cents per share.
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Rhea-AI Summary
MDU Resources Group, Inc. (NYSE: MDU) has increased its quarterly common stock dividend to 21.75 cents per share, amounting to an annualized 87 cents per share. This marks the 31st consecutive year of dividend increases, with the previous quarter being 21.25 cents. The new dividend is payable on January 1, 2022, to stockholders of record as of December 9, 2021. MDU has maintained uninterrupted dividend payments for 84 years and is part of the S&P High-Yield Dividend Aristocrats index.
Positive
- 31 consecutive years of dividend increases
- Quarterly dividend raised to 21.75 cents per share
- MDU has paid uninterrupted dividends for 84 years
Negative
- None.
Details
News Market Reaction – MDU
The recorded move for MDU in the trading session of this news was -0.03%.
Data tracked by StockTitan Argus. Session date unavailable.
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BISMARCK, N.D., Nov. 11, 2021 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today increased the company's quarterly common stock dividend to 21.75 cents per share, for an annualized dividend of 87 cents per share. This is the 31st consecutive year that MDU Resources has increased its common stock dividend. The previous quarterly dividend was 21.25 cents per share.
MDU Resources for 84 years has paid uninterrupted dividends to shareholders. Of the U.S.-listed, dividend-paying companies, fewer than 82 have increased their stock dividend as many consecutive years as MDU Resources.
"We remain committed to paying dividends to our shareholders as part of the total value they receive from their investment in MDU Resources," said Dennis W. Johnson, chair of the board. "We also are proud of our long tradition of annually increasing those dividends."
MDU Resources is listed on the S&P High-Yield Dividend Aristocrats index, which measures the performance of companies within the S&P Composite 1500 that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 years.
The company's quarterly dividend is payable Jan. 1, 2022, to stockholders of record Dec. 9, 2021.
About MDU Resources
MDU Resources Group, Inc., a Fortune 500 company and a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.
Financial Contact: Jason Vollmer, vice president and chief financial officer, 701-530-1755
Media Contact: Laura Lueder, manager of communications and public relations, 701-530-1095
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SOURCE MDU Resources Group, Inc.
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