MDU Resources Increases Quarterly Dividend From $0.125 To $0.13 Per Share
Portfolio Pulse from Benzinga Newsdesk
MDU Resources Group, Inc. (NYSE:MDU) has increased its quarterly dividend from $0.125 to $0.13 per share, representing a 4% increase. The annualized dividend is now $0.52 per share. The company targets a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings.
August 15, 2024 | 8:23 pm
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MDU Resources Group, Inc. has increased its quarterly dividend by 4% to $0.13 per share, with an annualized dividend of $0.52 per share. The company aims for a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings.
The increase in the quarterly dividend is a positive signal to investors, indicating confidence in the company's financial health and future earnings. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100