MDU Resources Group (MDU) Dividend History & Yield
MDU Resources Group (MDU) has increased its dividend for 2 consecutive years and currently yields 2.48%. The most recent dividend was $0.1400/share on Apr 1, 2026, paid Quarterly.
Current Yield
2.48%
TTM Dividend/Share
$0.55
Payment Frequency
Quarterly
Payout Ratio
60.0%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
58.64%
Div Growth (5Y CAGR)
11.23%
Div Growth (10Y CAGR)
6.82%
MDU: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
13.7%
FCF payout ratio
50.4%
Net debt / EBITDA
4.8x
Interest coverage
2.58x
ROIC (TTM)
5.6%
Dividend Safety Score
2 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 60.0%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-1.56) does not fully cover dividend/share ($0.55).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 50.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (11.2%) exceeds EPS growth (-4.8%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 11, 2026
- Payment date
- Jul 1, 2026
- Dividend
- $0.1400
- Adj. dividend
- $0.1400
Ex-date Mar 12, 2026
- Payment date
- Apr 1, 2026
- Dividend
- $0.1400
- Adj. dividend
- $0.1400
Ex-date Dec 11, 2025
- Payment date
- Jan 1, 2026
- Dividend
- $0.1400
- Adj. dividend
- $0.1400
Ex-date Sep 11, 2025
- Payment date
- Oct 1, 2025
- Dividend
- $0.1400
- Adj. dividend
- $0.1400
Ex-date Jun 12, 2025
- Payment date
- Jul 1, 2025
- Dividend
- $0.1300
- Adj. dividend
- $0.1300
Ex-date Mar 13, 2025
- Payment date
- Apr 1, 2025
- Dividend
- $0.1300
- Adj. dividend
- $0.1300
Ex-date Dec 12, 2024
- Payment date
- Jan 1, 2025
- Dividend
- $0.1300
- Adj. dividend
- $0.1300
Ex-date Sep 12, 2024
- Payment date
- Oct 1, 2024
- Dividend
- $0.1300
- Adj. dividend
- $0.0720
Ex-date Jun 13, 2024
- Payment date
- Jul 1, 2024
- Dividend
- $0.1250
- Adj. dividend
- $0.0692
Ex-date Mar 13, 2024
- Payment date
- Apr 1, 2024
- Dividend
- $0.1250
- Adj. dividend
- $0.0692
Ex-date Dec 13, 2023
- Payment date
- Jan 1, 2024
- Dividend
- $0.1250
- Adj. dividend
- $0.0692
Ex-date Sep 13, 2023
- Payment date
- Oct 1, 2023
- Dividend
- $0.1250
- Adj. dividend
- $0.0692
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 11, 2026 | Jul 1, 2026 | $0.1400 | $0.1400 |
| Mar 12, 2026 | Apr 1, 2026 | $0.1400 | $0.1400 |
| Dec 11, 2025 | Jan 1, 2026 | $0.1400 | $0.1400 |
| Sep 11, 2025 | Oct 1, 2025 | $0.1400 | $0.1400 |
| Jun 12, 2025 | Jul 1, 2025 | $0.1300 | $0.1300 |
| Mar 13, 2025 | Apr 1, 2025 | $0.1300 | $0.1300 |
| Dec 12, 2024 | Jan 1, 2025 | $0.1300 | $0.1300 |
| Sep 12, 2024 | Oct 1, 2024 | $0.1300 | $0.0720 |
| Jun 13, 2024 | Jul 1, 2024 | $0.1250 | $0.0692 |
| Mar 13, 2024 | Apr 1, 2024 | $0.1250 | $0.0692 |
| Dec 13, 2023 | Jan 1, 2024 | $0.1250 | $0.0692 |
| Sep 13, 2023 | Oct 1, 2023 | $0.1250 | $0.0692 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
MDU Resources Group has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 2 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $0.5400 | — | — |
| 2025 | $0.3404 | $0.5400 | +58.6% |
| 2024 | $0.3462 | $0.3404 | -1.7% |
| 2023 | $0.3324 | $0.3462 | +4.1% |
| 2022 | $0.3248 | $0.3324 | +2.3% |
| 2021 | $0.3172 | $0.3248 | +2.4% |
| 2020 | $0.3096 | $0.3172 | +2.5% |
| 2019 | $0.3020 | $0.3096 | +2.5% |
| 2018 | $0.2944 | $0.3020 | +2.6% |
| 2017 | $0.2868 | $0.2944 | +2.6% |
| 2016 | $0.2792 | $0.2868 | +2.7% |
| 2015 | $0.2716 | $0.2792 | +2.8% |
| 2014 | $0.2640 | $0.2716 | +2.9% |
| 2013 | $0.2564 | $0.2640 | +3.0% |
| 2012 | $0.2488 | $0.2564 | +3.1% |
| 2011 | $0.2412 | $0.2488 | +3.2% |
| 2010 | $0.2365 | $0.2412 | +2.0% |
| 2009 | $0.2279 | $0.2365 | +3.8% |
| 2008 | $0.2127 | $0.2279 | +7.1% |
| 2007 | $0.1988 | $0.2127 | +7.0% |
| 2006 | $0.1874 | $0.1988 | +6.1% |
| 2005 | $0.1773 | $0.1874 | +5.7% |
| 2004 | $0.1671 | $0.1773 | +6.1% |
| 2003 | $0.1587 | $0.1671 | +5.3% |
| 2002 | $0.1519 | $0.1587 | +4.4% |
| 2001 | $0.1452 | $0.1519 | +4.7% |
| 2000 | $0.1384 | $0.1452 | +4.9% |
| 1999 | $0.1322 | $0.1384 | +4.7% |
| 1998 | $0.1272 | $0.1322 | +4.0% |
| 1997 | $0.1238 | $0.1272 | +2.7% |
| 1996 | $0.1214 | $0.1238 | +2.0% |
| 1995 | $0.1186 | $0.1214 | +2.4% |
| 1994 | $0.1140 | $0.1186 | +3.9% |
| 1993 | $0.1095 | $0.1140 | +4.1% |
| 1992 | $0.1077 | $0.1095 | +1.7% |
| 1991 | $0.1065 | $0.1077 | +1.1% |
| 1990 | — | $0.1065 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for MDU Resources Group (MDU) from the consolidated cash flow statement, in USD as filed.
Latest period
$110.35M
YoY change
+5.2%
5Y CAGR
-8.2%
Peak year (2022)
$176.91M
Latest annual
$108.24M
Cash dividends paid over time for MDU Resources Group (MDU)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for MDU Resources Group (MDU)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $108.24M | +5.2% | +$5.30M | ||
| 2024 | $102.94M | -36.2% | -$58.38M | ||
| 2023 | $161.32M | -8.8% | -$15.60M | ||
| 2022 | $176.91M | +3.2% | +$5.56M | ||
| 2021 | $171.35M | +3.0% | +$4.95M | ||
| 2020 | $166.41M | +3.8% | +$6.15M | ||
| 2019 | $160.26M | +3.7% | +$5.68M | ||
| 2018 | $154.57M | +2.6% | +$3.85M | ||
| 2017 | $150.73M | +2.4% | +$3.57M | ||
| 2016 | $147.16M | +3.0% | +$4.32M | ||
| 2015 | $142.84M | +4.5% | +$6.12M | ||
| 2014 | $136.71M | +38.9% | +$38.31M | ||
| 2013 | $98.41M | -38.4% | -$61.36M | ||
| 2012 | $159.77M | +29.6% | +$36.45M | ||
| 2011 | $123.32M | +3.5% | +$4.17M | ||
| 2010 | $119.16M | +3.6% | +$4.13M | ||
| 2009 | $115.02M | +5.9% | +$6.43M | ||
| 2008 | $108.59M | +7.9% | +$7.95M | ||
| 2007 | $100.64M | +7.7% | +$7.19M | ||
| 2006 | $93.45M | +6.7% | +$5.90M | ||
| 2005 | $87.55M | +8.1% | +$6.53M | ||
| 2004 | $81.02M | +10.4% | +$7.65M | ||
| 2003 | $73.37M | +7.4% | +$5.08M | ||
| 2002 | $68.29M | +10.4% | +$6.43M | ||
| 2001 | $61.85M | +14.7% | +$7.91M | ||
| 2000 | $53.95M | +17.0% | +$7.85M | ||
| 1999 | $46.10M | +11.9% | +$4.90M | ||
| 1998 | $41.20M | +23.4% | +$7.80M | ||
| 1997 | $33.40M | +4.0% | +$1.30M | ||
| 1996 | $32.10M | +1.9% | +$600,000 | ||
| 1995 | $31.50M | +2.3% | +$700,000 | ||
| 1994 | $30.80M | — | — |
MDU Resources Group (MDU) most recent annual dividends paid stands at $108.24M (2025) – grew 5.2% year-over-year.
Across 2020–2025 (5 years), MDU Resources Group dividends paid produced a CAGR of -8.2% – with a net decline across the window.
Between 2022 and 2025, MDU Resources Group dividends paid plunged 38.8%, falling from $176.91M to $108.24M.
$176.91M stands as the all-time-high annual dividends paid, posted in 2022, against a low of $30.80M during 1994.
MDU Resources Group (MDU) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.23B.
MDU Resources Group Dividends Paid 2025: $108.24M
MDU Resources Group dividends paid in 2025 was $108.24M, grew 5.2% from 2024.
MDU Resources Group Dividends Paid 2024: $102.94M
MDU Resources Group dividends paid in 2024 was $102.94M, plunged 36.2% below 2023.
MDU Resources Group Dividends Paid 2023: $161.32M
MDU Resources Group dividends paid in 2023 was $161.32M, declined 8.8% below 2022.
MDU Resources Group Dividends Paid 2022: $176.91M
MDU Resources Group dividends paid in 2022 was $176.91M, edged up 3.2% from 2021. This figure represents the highest annual value in the available history.
MDU Resources Group Dividends Paid 2021: $171.35M
MDU Resources Group dividends paid in 2021 was $171.35M.
See more financial history for MDU Resources Group (MDU).
Sector peers by dividends paid
Companies in the same sector as MDU Resources Group, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does MDU Resources Group pay dividends?
Yes, MDU Resources Group (MDU) pays quarterly dividends of approximately $0.55 per share annually, yielding 2.48%.
What is MDU Resources Group's dividend yield?
MDU Resources Group (MDU) has a current dividend yield of 2.48%.
Is MDU Resources Group's dividend safe?
MDU Resources Group (MDU) passes 2 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has MDU Resources Group increased its dividend?
MDU Resources Group (MDU) has 2 consecutive years of dividend increases.
What is MDU Resources Group's dividend payout ratio?
MDU Resources Group (MDU) has a dividend payout ratio of 60.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is MDU Resources Group's dividends paid?
Latest reported dividends paid for MDU Resources Group (MDU) is $110.35M (period ending March 31, 2026).
How has MDU Resources Group dividends paid changed year-over-year?
MDU Resources Group (MDU) dividends paid changed +5.2% year-over-year on the latest annual filing.
What is the long-term growth rate of MDU Resources Group dividends paid?
MDU Resources Group (MDU) dividends paid compound annual growth rate is -8.2% over the most recent 5 years available.
When did MDU Resources Group dividends paid hit its highest annual value?
MDU Resources Group dividends paid reached its highest annual value of $176.91M in 2022.
What was MDU Resources Group dividends paid in 2024?
MDU Resources Group (MDU) dividends paid in 2024 was $102.94M.
What was MDU Resources Group dividends paid in 2025?
MDU Resources Group (MDU) dividends paid in 2025 was $108.24M.
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