■ Increase · August 14, 2026
MDU Resources Raises Quarterly Dividend to 14.5 Cents, Adjusts Payout Target
MDU Resources increases its quarterly dividend by 3.6% to 14.5 cents per share and revises its long-term payout ratio target to 55%-65% of earnings.
Dividend Increase and Payout Ratio Adjustment
MDU Resources Group, Inc. (NYSE: MDU) announced on August 13, 2026, that its board of directors has approved a quarterly dividend of 14.5 cents per share on its common stock, representing an annualized dividend of 56 cents per share. This marks a 3.6% increase from the previous quarterly dividend of 14 cents per share.
In conjunction with the dividend hike, the board revised the company's long-term dividend payout ratio target to 55% to 65% of earnings, down from the previous range of 60% to 70%. The adjustment is designed to provide MDU Resources with greater financial flexibility to fund its capital investment program, reduce future equity needs, and support long-term growth while maintaining a competitive return to stockholders.
Management Commentary
Nicole Kivisto, president and CEO of MDU Resources, stated that the company is making significant investments in its utility and pipeline operations to meet growing customer demand and continue providing safe, reliable, and affordable essential services. She noted that the revised payout ratio target supports a balanced approach to funding those investments while still returning meaningful value to stockholders. Kivisto added that the increased dividend reflects the board's confidence in the company's long-term strategy and financial strength.
Dividend History and Payment Details
MDU Resources has paid uninterrupted dividends for more than eight decades. The board regularly evaluates the dividend in light of earnings, capital requirements, financial condition, and other factors to support long-term value creation. The upcoming dividend is payable on October 1, 2026, to stockholders of record as of September 10, 2026.
For more information on MDU Resources' dividend track record, see its dividend history. To calculate potential returns, use the dividend calculator.
What it means for income investors
The dividend increase continues MDU Resources' long-standing streak of consistent payments, though the lower payout ratio target suggests management intends to retain more earnings for capital projects. This shift may moderate future dividend growth in favor of infrastructure investment, but the current yield remains supported by the company's stable utility and pipeline operations.
Reporting based on: PR Newswire. Figures verified against market data where available.