MDU Resources Increases Dividend for 27th Consecutive Year

BISMARCK, N.D., Nov. 16, 2017 /PRNewswire/ -- The MDU Resources Group, Inc. (NYSE: MDU) board of directors today increased the company's quarterly common stock dividend to 19.75 cents per share, for an annualized dividend of 79 cents per share. The previous quarterly dividend was 19.25 cents per share.

This is the 27th consecutive year that MDU Resources has increased its common stock dividend. Of the U.S.-listed, dividend-paying companies, fewer than 90 have increased their stock dividend as many consecutive years as MDU Resources.

"We are extremely proud that this is our 80th continuous year of paying dividends to our shareholders," said Harry J. Pearce, chair of the board. "This clearly demonstrates our commitment to providing value to our investors."

MDU Resources also is a member of the S&P High-Yield Dividend Aristocrats index, which measures the performance of companies within the S&P Composite 1500 that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 years.

The dividends are payable Jan. 1, 2018, to stockholders of record Dec. 14, 2017.

MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses. For more information about MDU Resources, see the company's website at www.mdu.com or contact the Investor Relations Department at [email protected].

Financial Contact: Jason Vollmer, vice president, chief financial officer and treasurer, 701-530-1755

Media Contact: Laura Lueder, manager of communications and public affairs, 701-530-1095

SOURCE MDU Resources Group, Inc.