MDU Resources raises dividend for 25th consecutive year

MDU Resources (MDU) will hike its dividend by 2.7%.

MDU Resources will raise its quarterly dividend to $0.1875 per share, marking 25 consecutive years of dividend increases.

This is the 25th consecutive year that MDU Resources has increased its common stock dividend. Of the more than 2,500 other U.S.-listed, dividend-paying companies, fewer than 100 have increased their stock dividend as many consecutive years as MDU Resources.

"We are very proud of continuing to increase dividends as part of our commitment to provide value to our shareholders. We have been paying dividends, uninterrupted, for 78 years," said Harry J. Pearce, chairman of the board.

Source: MDU Resources

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