MDU Resources Group Increases Quarterly Dividend to Enhance Shareholder Returns

MDU Resources Group Boosts Quarterly Dividend

In a significant move to reinforce its commitment to shareholder value, MDU Resources Group, Inc. (NYSE: MDU) recently announced an increase in its quarterly dividend to 14.5 cents per share. This change marks an annualized dividend of 56 cents, which represents a 3.6% increase from the previous quarterly dividend of 14 cents. The company's board of directors also took the opportunity to revise its long-term payout ratio target to a range of 55% to 65% of earnings, down from the prior target of 60% to 70%.

The updated payout ratio aims to provide MDU Resources with the flexibility needed for its capital investment programs while still ensuring that it delivers competitive returns to its shareholders. Nicole Kivisto, the president and CEO of MDU Resources, emphasized the importance of this adjustment, stating, "MDU Resources is making significant investments in our utility and pipeline operations to meet growing customer demand and continue providing safe, reliable, and affordable essential services."

This increased dividend not only reflects the board's confidence in the company's strategic direction but also its financial robustness. MDU Resources has maintained uninterrupted dividend payments for over 80 years, demonstrating a consistent commitment to returning value to its investors.

The dividend is scheduled to be payable on October 1, 2026, to shareholders on record as of September 10, 2026. As MDU Resources continues to evaluate its dividend policy, it considers various factors, including earnings, capital needs, and overall financial condition, ensuring the alignment with long-term value creation for stakeholders.

MDU Resources Group has carved a niche for itself in the utility industry, delivering safe, reliable, and environmentally responsible electricity and natural gas services to over 1.2 million customers across the Pacific Northwest and Midwest regions. Additionally, the company has established a substantial pipeline business encompassing a network of over 3,800 miles, ensuring a consistent and dependable supply of energy throughout the Northern Plains.

With a legacy stretching back over a century, MDU Resources is dedicated to "energizing lives for a better tomorrow." This recent dividend increase is a testament to the company’s strategic foresight and a sign of its commitment to balancing growth with shareholder returns. For more information about MDU Resources and their initiatives, feel free to visit www.mdu.com or reach out to their investor relations team.

Connect With MDU Resources

Investor Contact: Brent Miller, Treasurer
Phone: 701-530-1730
Media Contact: Byron Pfordte, Director of Integrated Communications
Phone: 208-377-6050

As MDU Resources continues to navigate the fast-evolving energy landscape, the company remains focused on enhancing operational efficiencies and securing sustainable growth, reinforcing its commitment to both its customers and shareholders alike.