Mdu Resources Group Inc (NYSE:MDU) declared a quarterly dividend on Thursday, August 15th, RTT News reports. Investors of record on Thursday, September 12th will be given a dividend of 0.2025 per share by the utilities provider on Tuesday, October 1st. This represents a $0.81 annualized dividend and a yield of 3.07%.
Mdu Resources Group has increased its dividend payment by an average of 2.7% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Mdu Resources Group has a payout ratio of 58.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mdu Resources Group to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.81 annual dividend with an expected future payout ratio of 50.6%.
Shares of Mdu Resources Group stock traded up $0.14 during trading hours on Thursday, reaching $26.35. The stock had a trading volume of 278,059 shares, compared to its average volume of 928,194. The business’s 50 day simple moving average is $26.20. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 2.52 and a beta of 0.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 1.23. Mdu Resources Group has a 1 year low of $22.73 and a 1 year high of $29.02.
Mdu Resources Group (NYSE:MDU) last released its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Mdu Resources Group had a return on equity of 11.11% and a net margin of 5.91%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. On average, equities analysts predict that Mdu Resources Group will post 1.49 earnings per share for the current fiscal year.
In other news, Director Edward A. Ryan acquired 3,500 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average cost of $24.81 per share, for a total transaction of $86,835.00. Following the acquisition, the director now directly owns 12,190 shares in the company, valued at approximately $302,433.90. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO David L. Goodin acquired 5,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was purchased at an average price of $24.45 per share, for a total transaction of $122,250.00. Following the completion of the acquisition, the chief executive officer now owns 254,466 shares in the company, valued at $6,221,693.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 11,000 shares of company stock worth $272,085. Company insiders own 1.05% of the company’s stock.
A number of equities analysts have recently commented on MDU shares. Williams Capital set a $30.00 price objective on Mdu Resources Group and gave the stock a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded Mdu Resources Group from a “sell” rating to a “hold” rating in a report on Monday, May 20th.
Mdu Resources Group Company Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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