MDU Resources raises quarterly dividend 7.7% to 14c from 13c per share

MDU Resources (MDU) Group board of directors increased the quarterly dividend on the company’s common stock to 14c per share, for an annualized dividend of 56c per share. This represents a 7.7% increase over the previous quarterly dividend of 13c per share. The board continues to target a long-term dividend payout ratio of 60% to 70% of earnings. The dividend is payable on Oct. 1 to stockholders of record as of Sept. 11.