MDU Resources Group (FRA:MRE) Dividend Payout Ratio: 0.36 (As of Mar. 2026) — 37% Below Median

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FRA:MRE MDU Resources Group Inc FRA:MRE
74 GF Score
Price €17.20
GF Value €15.23
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is MDU Resources Group Dividend Payout Ratio?

MDU Resources Group FRA:MRE -0.58% 74 Dividend Payout Ratio is 0.36 as of Mar. 2026, which is 37% below its 10-year median of 0.57. GuruFocus rates FRA:MRE with a GF Score™ of 74/100 and a GF Value™ of €15.23 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 377 Utilities - Regulated companies, MDU Resources Group ranks worse than 57.03% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. MDU Resources Group's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.36.

The historical rank and industry rank for MDU Resources Group's Dividend Payout Ratio or its related term are showing as below:

FRA:MRE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.57   Max: 1.51
Current: 0.6

During the past 13 years, the highest Dividend Payout Ratio of MDU Resources Group was 1.51. The lowest was 0.43. And the median was 0.57.

FRA:MRE's Dividend Payout Ratio is ranked worse than
57.03% of 377 companies
in the Utilities - Regulated industry
Industry Median: 0.55 vs FRA:MRE: 0.60

As of today (2026-08-02), the Dividend Yield % of MDU Resources Group is 2.80%.

During the past 13 years, the highest Trailing Annual Dividend Yield of MDU Resources Group was 11.70%. The lowest was 2.43%. And the median was 7.47%.

MDU Resources Group's Dividends per Share for the months ended in Mar. 2026 was €0.12.

During the past 12 months, MDU Resources Group's average Dividends Per Share Growth Rate was 6.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -14.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -10.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MDU Resources Group was 6.80% per year. The lowest was -15.80% per year. And the median was 2.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

MDU Resources Group (FRA:MRE) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

MDU Resources Group Dividend Payout Ratio Related Terms

MDU Resources Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for MDU Resources Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MDU Resources Group Dividend Payout Ratio Chart

MDU Resources Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 1.51 0.46 0.57 0.58

MDU Resources Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 1.85 1.55 0.38 0.36

FRA:MRE vs SR, OGS, CPK: Dividend Payout Ratio Comparison

For the Utilities - Regulated Gas subindustry, MDU Resources Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MDU Resources Group Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where MDU Resources Group's Dividend Payout Ratio falls into.


FRA:MRE
74GF Score
MDU Resources Group Inc FRA:MRE
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MDU Resources Group Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

MDU Resources Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.461/ 0.794
=0.58

MDU Resources Group's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.121/ 0.337
=0.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.36 mean?
MDU Resources Group (FRA:MRE) has a Dividend Payout Ratio of 0.36 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on MDU Resources Group and its competitors. This is 37% below median its historical median of 0.57. Over the past decade, MDU Resources Group's Dividend Payout Ratio has ranged from 0.43 to 1.51. According to the industry distribution chart, MDU Resources Group ranks #215 out of 377 companies in the Utilities - Regulated industry, placing it in the top 57%.
Is MDU Resources Group's Dividend Payout Ratio too high?
MDU Resources Group's current Dividend Payout Ratio of 0.36 is 37% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.51. The Utilities - Regulated industry median Dividend Payout Ratio is 0.55. MDU Resources Group's value of 0.36 is 34.5% below this industry median. Based on the distribution chart, MDU Resources Group ranks #215 out of 377 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, MDU Resources Group has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's Dividend Payout Ratio compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #215 out of 377 companies for Dividend Payout Ratio. This places MDU Resources Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.55. MDU Resources Group's value of 0.36 is 34.5% below this benchmark. Historically, MDU Resources Group's own Dividend Payout Ratio has ranged from 0.43 to 1.51 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.55, MDU Resources Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.55, based on 377 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MDU Resources Group's current Dividend Payout Ratio of 0.36 is 34.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on MDU Resources Group and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group's current Dividend Payout Ratio is 0.36, which is 37% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
Based on GuruFocus' analysis, MDU Resources Group (FRA:MRE) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.23, compared to a current price of €17.20 — trading 12.9% above its estimated fair value. The current Dividend Payout Ratio is 0.36, which is 37% below median its 10-year median of 0.57 and 34.5% below the Utilities - Regulated industry median of 0.55. MDU Resources Group's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For MDU Resources Group (FRA:MRE), the current Dividend Payout Ratio is 0.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MDU Resources Group (FRA:MRE) Overvalued in 2026?

Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued. The current stock price of €17.20 is trading 12.9% above its estimated GF Value™ of €15.23. GuruFocus considers MDU Resources Group to be Modestly Overvalued.

Key valuation signals for FRA:MRE:

  • Dividend Payout Ratio: 0.36 (37% below median its 10-year median of 0.57)
  • GF Value™: €15.23 vs. price of €17.20 (12.9% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 34.5% below the Utilities - Regulated median (#215 of 377)

No single metric tells the full story. See the FRA:MRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MDU Resources Group Business Description

Other Exchanges MDU:USA
Address 1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
74GF Score

Get the complete analysis for FRA:MRE

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€17.20
Price
€15.23
GF Value