SmarterDividends
MDU

MDU Resources Group, Inc.

MDU

Utilities · Utilities - Regulated Gas · Stock · quarterly payer

$19.49

Fairly valued · +1% Add to Portfolio

Forward Yield

2.88%

Annual Dividend

$0.57

Payout Ratio

60%

5-Yr Growth

11.2%

Ex-Date

Sep 10, 2026

Frequency

Quarterly

Key facts about MDU's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 29, 2026, MDU Resources Group, Inc. (MDU) has a forward dividend yield of 2.88%, based on an annual dividend of $0.57 per share and a share price of $19.49.
  • As of Oct 29, 2026, MDU's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • MDU last cut its regular dividend in 2024.
  • MDU's most recent ex-dividend date was Sep 10, 2026, for a dividend of $0.15 per share.
  • As of Oct 29, 2026, MDU pays out 60% of its trailing 12-month earnings as dividends (its payout ratio).
  • MDU's dividend has grown at an average rate of 11.2% a year over the past five years.
  • As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for MDU is $19.66 per share, 1% above the $19.49 share price, so MDU screens as fairly valued.
  • MDU Resources Group, Inc. (MDU) pays its dividend quarterly, 4 times a year.
  • MDU Resources Group, Inc. (MDU) has raised its regular dividend 39 times and cut it 1 time across the 158 payments on record since 1986. Its most recent change was a 3.6% increase to $0.145 per share, going ex-dividend on Sep 10, 2026. The last cut went ex-dividend on Sep 13, 2023.
Cite this page

SmarterDividends, "MDU Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/MDU

Summary

As of Oct 29, 2026, MDU Resources Group, Inc. (MDU) yields 2.88% ($0.57 a year per share) and has a dividend safety grade of C (61/100).

Is MDU a good dividend stock?

Yes, with caveats

MDU Resources Group, Inc. (MDU) pays a quarterly dividend yielding 2.88% ($0.57/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (60%)
  • Strong 11.2% 5-yr dividend growth
  • 86% total price return over 5 years

Risks

  • Cut its dividend in 2024

Key Data

Dividend Yield
2.88%
Payout Ratio
60%
Annual Dividend
$0.57
5-Yr Avg Growth
11.2%
Ex-Dividend Date
Sep 10, 2026
Years of Growth
1
Frequency
quarterly
Beta
0.36
Market Cap
$4.1B
P/E Ratio
20.7
5-Yr Total Return
86%
52-Week Range
$18.24 – $22.98
Dividend Safety
C · 61/100
Ever Cut?
Yes (2024)

MDU dividend raises and cuts

MDU Resources Group, Inc. (MDU) has raised its regular dividend 39 times and cut it 1 time across the 158 payments on record since 1986. Its most recent change was a 3.6% increase to $0.145 per share, going ex-dividend on Sep 10, 2026. The last cut went ex-dividend on Sep 13, 2023.

Ex-dateChangeOld → newMove
Sep 10, 2026Raise$0.140 → $0.145+3.6%
Sep 11, 2025Raise$0.130 → $0.140+7.7%
Dec 12, 2024Raise$0.0720 → $0.130+80.5%
Sep 12, 2024Raise$0.0693 → $0.0720+4.0%
Sep 13, 2023Cut$0.124 → $0.0693−43.9%
Jun 12, 2023Raise$0.0848 → $0.124+45.7%
Dec 7, 2022Raise$0.0829 → $0.0848+2.3%
Dec 8, 2021Raise$0.0810 → $0.0829+2.3%
Dec 9, 2020Raise$0.0791 → $0.0810+2.4%
Dec 11, 2019Raise$0.0772 → $0.0791+2.5%
Dec 12, 2018Raise$0.0753 → $0.0772+2.5%
Dec 13, 2017Raise$0.0734 → $0.0753+2.6%
Show all 40 changes since 1991
Ex-dateChangeOld → newMove
Dec 6, 2016Raise$0.0715 → $0.0734+2.7%
Dec 8, 2015Raise$0.0696 → $0.0715+2.7%
Jun 9, 2015Raise$0.0692 → $0.0696+0.5%
Dec 9, 2014Raise$0.0677 → $0.0696+2.8%
Dec 10, 2013Raise$0.0658 → $0.0677+2.9%
Sep 10, 2013Raise$0.0654 → $0.0658+0.6%
Dec 11, 2012Raise$0.0639 → $0.0654+2.4%
Dec 6, 2011Raise$0.0620 → $0.0639+3.1%
Dec 7, 2010Raise$0.0601 → $0.0620+3.2%
Dec 8, 2009Raise$0.0589 → $0.0601+1.9%
Sep 9, 2008Raise$0.0551 → $0.0589+6.9%
Sep 11, 2007Raise$0.0513 → $0.0551+7.4%
Sep 12, 2006Raise$0.0482 → $0.0513+6.6%
Sep 6, 2005Raise$0.0456 → $0.0482+5.6%
Sep 7, 2004Raise$0.0431 → $0.0456+5.9%
Sep 9, 2003Raise$0.0406 → $0.0431+6.3%
Sep 10, 2002Raise$0.0389 → $0.0406+4.3%
Dec 11, 2001Raise$0.0372 → $0.0389+4.5%
Sep 12, 2000Raise$0.0355 → $0.0372+4.8%
Sep 7, 1999Raise$0.0338 → $0.0355+5.0%
Sep 8, 1998Raise$0.0324 → $0.0338+4.2%
Sep 9, 1997Raise$0.0313 → $0.0324+3.6%
Sep 10, 1996Raise$0.0306 → $0.0313+2.2%
Sep 12, 1995Raise$0.0300 → $0.0308+2.5%
Sep 1, 1994Raise$0.0293 → $0.0300+2.6%
Sep 2, 1993Raise$0.0278 → $0.0293+5.4%
Sep 3, 1992Raise$0.0270 → $0.0278+2.8%
Jun 7, 1991Raise$0.0267 → $0.0270+1.4%
Every MDU payment →Download every raise and cut (CSV)
MDU ex-dividend date & scheduleNext ex-date Sep 10, 2026 · full ex-dividend historyView →MDU dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MDU a good dividend stock?

Yes, with caveats. MDU Resources Group, Inc. (MDU) pays a quarterly dividend yielding 2.88% ($0.57/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is MDU undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MDU's fair value is about $19.66 versus a $19.49 share price — so it looks fairly valued (+1% vs. fair value).

Is MDU's dividend safe?

MDU has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is MDU's fair value?

Our blended fair-value estimate for MDU is about $19.66 per share, roughly 1% above the current $19.49 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MDU a buy, hold, or sell?

We don't issue formal ratings, but on the data MDU screens as "yes, with caveats" and fairly valued. MDU Resources Group, Inc. (MDU) pays a quarterly dividend yielding 2.88% ($0.57/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will MDU cut its dividend?

MDU earns a dividend-safety grade of C (61/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MDU pay a dividend?

Yes. MDU Resources Group, Inc. pays a quarterly dividend of about $0.57 per share annually, a forward yield of roughly 2.88%.

What is MDU's dividend yield?

As of Oct 29, 2026, MDU's forward dividend yield is 2.88%, based on a $0.57 annual dividend and a $19.49 share price.

What is MDU's dividend per share?

As of Oct 29, 2026, MDU pays $0.57 per share per year, distributed on a quarterly basis.

What is MDU's dividend payout ratio?

As of Oct 29, 2026, MDU's payout ratio is 60% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MDU grown its dividend?

As of Oct 29, 2026, MDU has increased its dividend for 1 consecutive years.

When is the next MDU ex-dividend date?

As of Oct 29, 2026, MDU's next ex-dividend date hasn't been announced. The most recent was Sep 10, 2026, for $0.15 per share.

MDU Dividend News

MDU
IncreaseMDU·Sep 11, 2026

MDU Resources Raises Quarterly Dividend 3.57%

MDU Resources increased its quarterly dividend to $0.145 per share, with the shares trading ex-dividend on Sept. 10, 2026.

Income Calculator

At $0.57 / yr per share

Per payment (quarterly)$14.25
Annual$57.00
Monthly avg$4.75

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