MDU Resources Announces Quarterly Dividend Update
Today, MDU Resources Group, Inc. (NYSE: MDU) has declared a quarterly dividend of 13 cents per share on its common stock, continuing its commitment to return value to its shareholders. This dividend remains unchanged from the previous quarter, reflecting the company’s stable financial position and its confidence in future growth. MDU Resources aims for a long-term dividend payout ratio of approximately 60% to 70% of earnings derived from regulated energy delivery.
Dividend Payment Details
The forthcoming dividend will be disbursed on January 1, 2025, to all stockholders who are on record by December 12, 2024. This commitment to regular dividends underscores MDU Resources Group’s dedication to its investors and aligns with its long-term strategic objectives.
About MDU Resources Group
Founded in 1924, MDU Resources Group, Inc. has established itself as a vital player in providing essential products and services through its regulated energy delivery businesses. With nearly a century of experience, MDU Resources is a proud member of the S&P SmallCap 600 index, showcasing its resilience and growth. As the company celebrates its 100th anniversary, it remains committed to excellence in service and sustainability. Detailed information about the company can be accessed through its main website.
Investor Relations Contact
If you have inquiries regarding investor relations, please reach out to Brent Miller, the assistant treasurer, at 701-530-1730. For media inquiries, Byron Pfordte, the manager of integrated communications, can be contacted at 208-377-6050. Both contacts are ready to assist with any questions you might have about the company’s performance, governance, or future initiatives.
Frequently Asked Questions
What is the amount of the quarterly dividend declared by MDU Resources?
The quarterly dividend declared by MDU Resources is 13 cents per share, unchanged from the previous period.
When will the dividend be paid?
The dividend will be paid on January 1, 2025, to stockholders of record as of December 12, 2024.
What is the long-term dividend payout target for MDU Resources?
MDU Resources aims for a long-term dividend payout ratio of 60% to 70% of their regulated energy delivery earnings.
Who should I contact for investor-related questions?
For investor inquiries, you can contact Brent Miller, the assistant treasurer at MDU Resources, at 701-530-1730.
How long has MDU Resources been in operation?
MDU Resources Group, Inc. was founded in 1924, marking nearly a century of operations in the energy sector.
