MDU Resources Group increased the company’s quarterly common stock dividend to 19.25 cents per share, for an annualized dividend of 77 cents per share.
The previous quarterly dividend was 18.75 cents per share.
This is the 26th consecutive year that it has increased its common stock dividend.
“This is our 79th continuous year of paying dividends to our shareholders, and we are very proud of that long tradition,” said Harry J.Pearce, chairman.
“Our commitment to providing value to our shareholders, including increasing our dividend, is reflected in our membership in the S&P High-Yield Dividend Aristocrats index.”