MDU Resources raises quarterly dividend 4% to 13c per share

The board of directors of MDU Resources Group has increased the quarterly dividend on the company’s common stock to 13c per share, for an annualized dividend of 52c per share. This represents a 4% increase over the previous quarterly dividend of 12.5 cents per share. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. The dividend is payable Oct. 1 to stockholders of record Sept. 12.