BISMARCK, N.D., Nov. 17, 2016 /PRNewswire/ -- The MDU Resources
Group (NYSE: MDU) board of directors today 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 MDU Resources has
increased its common stock dividend. Of the more than 2,400 other
U.S.-listed, dividend-paying companies, fewer than 100 have
increased their stock dividend as many consecutive years as MDU
Resources.
"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 of the
board. "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."
The S&P High-Yield Dividend Aristocrats index is designed to
measure the performance of companies within the S&P Composite
1500 that have followed a managed-dividends policy of consistently
increasing dividends every year for at least 20 years.
MDU Resources' dividends for preferred stock are:
- $1.12-1/2 per share on 4.50
percent Series Preferred.
- $1.17-1/2 per share on 4.70
percent Series Preferred.
- $1.27-1/2 per share on 5.10
percent Series Preferred.
The dividends are payable Jan. 1,
2017, to stockholders of record Dec.
8, 2016.
MDU Resources Group, Inc., a member of the S&P MidCap 400
index and the S&P High-Yield Dividend Aristocrats index,
provides essential products and services through its regulated
energy delivery and construction materials and services
businesses. For more information about MDU Resources, see
the company's website at www.mdu.com or contact the
Investor Relations Department at
investor@mduresources.com.
Financial Contact: Janelle
Steiner, assistant treasurer, 701-530-1031
Media Contact: Laura Lueder,
manager of communications and public affairs, 701-530-1095
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SOURCE MDU Resources Group, Inc.