MDU Resources Group, Inc. (NYSE:MDU) Announces $0.13 Quarterly Dividend

MDU Resources Group, Inc. (NYSE:MDU) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.13 per share by the utilities provider on Wednesday, January 1st. This represents a $0.52 annualized dividend and a dividend yield of 2.91%.

MDU Resources Group has decreased its dividend by an average of 5.9% annually over the last three years. MDU Resources Group has a payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MDU Resources Group to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 55.3%.

MDU Resources Group Stock Down 2.0 %

NYSE MDU traded down $0.37 on Thursday, reaching $17.89. The company had a trading volume of 2,549,472 shares, compared to its average volume of 1,595,732. The company’s fifty day moving average is $25.73 and its 200-day moving average is $25.42. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 2.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. MDU Resources Group has a 1-year low of $14.91 and a 1-year high of $30.52.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. MDU Resources Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. On average, research analysts forecast that MDU Resources Group will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDU has been the subject of several recent research reports. Siebert Williams Shank upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, November 4th. StockNews.com began coverage on MDU Resources Group in a report on Tuesday, November 5th. They issued a “hold” rating for the company. Finally, Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.