MDU Dividend History & Analysis | 3.1% Yield

MDU has a dividend yield of 3.1% and paid 0.54 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.13%
Payout Ratio 96.4%
Growth Rate CAGR 5y -10.91%
Consistency Lifetime 93.4%
Yield on Cost 5y 6.05%
Payout FCF -
Streak Years 41
Dividend Rating 22.77%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 24%
Total Return 5y: 127.8%

Top Dividend Payers in Gas Utilities

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
SPH 1,334 M 8.30% 12.5%
SR 4,993 M 4.14% 7.65%
NJR 5,042 M 3.99% 7.68%
NWN 1,965 M 4.51% 5.34%
UGI 8,126 M 4.25% 5.07%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
CPK 3,043 M 9.42% 98.5%
ATO 26,905 M 9.03% 99.3%
NJR 5,042 M 7.37% 98.6%
SR 4,993 M 4.81% 74.4%
NFG 7,982 M 4.03% 99.6%

MDU Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-11 2025-12-11 2026-01-01 Quarterly 0.14 0% 0.71%
2025-09-11 2025-09-11 2025-10-01 Quarterly 0.14 7.7% 0.86%
2025-06-12 2025-06-12 2025-07-01 Quarterly 0.13 0% 0.78%
2025-03-13 2025-03-13 2025-04-01 Quarterly 0.13 0% 0.79%
2024-12-12 2024-12-12 2025-01-01 Quarterly 0.13 0% 0.68%
2024-09-12 2024-09-12 2024-10-01 Quarterly 0.13 4% 0.52%
2024-06-13 2024-06-13 2024-07-01 Quarterly 0.125 0% 0.5%
2024-03-13 2024-03-14 2024-04-01 Quarterly 0.125 0% 0.55%
2023-12-13 2023-12-14 2024-01-01 Quarterly 0.125 0% 0.65%
2023-09-13 2023-09-14 2023-10-01 Quarterly 0.125 -43.9% 0.64%
2023-06-12 2023-06-13 2023-07-01 Quarterly 0.223 0% 1.08%
2023-03-08 2023-03-09 2023-04-01 Quarterly 0.223 0% 0.72%
2022-12-07 2022-12-08 2023-01-01 Quarterly 0.223 2.3% 0.73%
2022-09-07 2022-09-08 2022-10-01 Quarterly 0.218 0% 0.74%
2022-06-08 2022-06-09 2022-07-01 Quarterly 0.218 0% 0.79%
2022-03-09 2022-03-10 2022-04-01 Quarterly 0.218 0% 0.83%
2021-12-08 2021-12-09 2022-01-01 Quarterly 0.218 2.3% 0.77%
2021-09-08 2021-09-09 2021-10-01 Quarterly 0.213 0% 0.68%
2021-06-09 2021-06-10 2021-07-01 Quarterly 0.213 0% 0.64%
2021-03-10 2021-03-11 2021-04-01 Quarterly 0.213 0% 0.7%
2020-12-09 2020-12-10 2021-01-01 Quarterly 0.213 2.4% N/A
2020-09-09 2020-09-10 2020-10-01 Quarterly 0.208 0% N/A
2020-06-10 2020-06-11 2020-07-01 Quarterly 0.208 0% N/A
2020-03-11 2020-03-12 2020-04-01 Quarterly 0.208 0% N/A
2019-12-11 2019-12-12 2020-01-01 Quarterly 0.208 2.5% N/A
2019-09-11 2019-09-12 2019-10-01 Quarterly 0.203 0% N/A
2019-06-12 2019-06-13 2019-07-01 Quarterly 0.203 0% N/A
2019-03-13 2019-03-14 2019-04-01 Quarterly 0.203 0% N/A
2018-12-12 2018-12-13 2019-01-01 Quarterly 0.203 2.5% N/A
2018-09-12 2018-09-13 2018-10-01 Quarterly 0.198 0% N/A
2018-06-13 2018-06-14 2018-07-01 Quarterly 0.198 0% N/A
2018-03-07 2018-03-08 2018-04-01 Quarterly 0.198 0% N/A
2017-12-13 2017-12-14 2018-01-01 Quarterly 0.198 2.6% N/A
2017-09-13 2017-09-14 2017-10-01 Quarterly 0.193 0% N/A
2017-06-06 2017-06-08 2017-07-01 Quarterly 0.193 0% N/A
2017-03-07 2017-03-09 2017-04-01 Quarterly 0.193 0% N/A
2016-12-06 2016-12-08 2017-01-01 Quarterly 0.193 2.7% N/A
2016-09-06 2016-09-08 2016-10-01 Quarterly 0.188 0% N/A
2016-06-07 2016-06-09 2016-07-01 Quarterly 0.188 0% N/A
2016-03-08 2016-03-10 2016-04-01 Quarterly 0.188 0% N/A
2015-12-08 2015-12-10 2016-01-01 Quarterly 0.188 2.7% N/A
2015-09-08 2015-09-10 2015-10-01 Quarterly 0.183 0% N/A
2015-06-09 2015-06-11 2015-07-01 Quarterly 0.183 0.5% N/A
2015-03-10 2015-03-12 2015-04-01 Quarterly 0.182 -0.5% N/A
2014-12-09 2014-12-11 2015-01-01 Quarterly 0.183 2.8% N/A
2014-09-09 2014-09-11 2014-10-01 Quarterly 0.178 0% N/A
2014-06-10 2014-06-12 2014-07-01 Quarterly 0.178 0% N/A
2014-03-11 2014-03-13 2014-04-01 Quarterly 0.178 0% N/A
2013-12-10 2013-12-12 2014-01-01 Quarterly 0.178 2.9% N/A
2013-09-10 2013-09-12 2013-10-01 Quarterly 0.173 0% N/A

MDU Dividend FAQ

MDU Resources Group, Inc. (NYSE:MDU) operates regulated electric and natural-gas utilities across the Upper Midwest and Rocky Mountain states, with three core segments: Electric generation & transmission, Natural-Gas Distribution, and Pipeline transportation & underground storage. The firm serves roughly 1.2 million electric customers and 1.0 million gas customers, delivering power in Montana, North Dakota, South Dakota, and Wyoming, and gas in eight states including Idaho, Minnesota, and Oregon.

What is the Dividend Yield of MDU?

As of February 2026, MDU`s dividend yield is 3.13%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.54 USD by the current share price of 20.34.

Does MDU pay a dividend?

As of February 2026, MDU paid a dividend of 0.54 USD in the last 12 months. The last dividend was paid on 2025-12-11 and the payout was 0.14 USD.

How often does MDU pay dividends?

MDU pays dividends quarterly. Over the last 12 months, MDU has issued 4 dividend payments. The last dividend payment was made on 2025-12-11.

MDU dividend forecast

Based on historical data, the forecasted dividends per share for MDU for the next 4 payments are between 0.137 (-2.1%) and 0.426 (+204.3%).
This represents a strong dividend growth compared to the last payment.

Will MDU pay dividends in 2026?

The latest dividend paid per share was 0.14 USD with an Ex-Dividend Date of 2025-12-11. The next Ex-Dividend date for MDU Resources (MDU) is currently unknown.

What is the next Ex-Dividend Date for MDU?

The next Ex-Dividend date for MDU Resources (MDU) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of MDU?

MDU's average dividend growth rate over the past 5 years is -10.9% per year.
Negative growth: MDU's Dividend growth is negative and declining.

What is the Yield on Cost of MDU?

MDU's 5-Year Yield on Cost is 6.05%. If you bought MDU's shares at 8.93 USD five years ago, your current annual dividend income (0.54 USD per share, trailing 12 months) equals 6.05% of your original purchase price.

What is the Payout Consistency of MDU?

MDU Payout Consistency is 93.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: MDU Resources has a strong track record of consistent dividend payments over its lifetime.

Does MDU have a good Dividend Yield?

MDU`s 3.13% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of MDU?

The Dividend Payout Ratio of MDU is 96.4%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of MDU?

MDU`s Overall Dividend Rating is 22.77%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MDU Outstanding Shares Analysis

What is the Trend in MDU's Outstanding Shares?

MDU Resources's outstanding shares have increased by approximately 0.29% annually over the past 3 years (Trend Reliability: 100.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has MDU ever had a Stock Split?

Yes, the last stock split was on Nov 1, 2024 with a ratio of 1805:1000.

This was a forward split: Each share became 1.8 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
1985 86,889,000
1986 88,989,300 +2.42%
1987 91,247,200 +2.54%
1988 95,047,100 +4.16%
1989 92,092,300 -3.11%
1990 90,045,500 -2.22%
1991 90,044,800 -0%
1992 106,417,800 +18.18%
1993 98,084,900 -7.83%
1994 98,853,900 +0.78%
1995 96,798,200 -2.08%
1996 98,231,200 +1.48%
1997 101,589,100 +3.42%
1998 117,246,500 +15.41%
1999 128,364,800 +9.48%
2000 147,161,300 +14.64%
2001 156,305,300 +6.21%
2002 165,478,500 +5.87%
2003 171,987,000 +3.93%
2004 176,740,500 +2.76%
2005 179,823,000 +1.74%
2006 181,341,000 +0.84%
2007 182,599,000 +0.69%
2008 183,219,000 +0.34%
2009 188,000,000 +2.61%
2010 188,700,000 +0.37%
2011 188,900,000 +0.11%
2012 188,800,000 -0.05%
2013 189,800,000 +0.53%
2014 194,200,000 +2.32%
2015 195,300,000 +0.57%
2016 195,900,000 +0.31%
2017 195,600,000 -0.15%
2018 196,400,000 +0.41%
2019 200,500,000 +2.09%
2020 200,900,000 +0.2%
2021 203,800,000 +1.44%
2022 203,900,000 +0.05%
2023 204,100,000 +0.1%
2024 204,653,000 +0.27%
2025 205,300,000 +0.32%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:23