- MDU Resources (NYSE:MDU -1.4%) announces a five-year capital spending program for its utility, pipeline and construction businesses ~80% higher than its previous plan, and raises its quarterly dividend to $0.1825 from $0.1775/share.
- MDU says its Montana-Dakota Utilities group has a record capital program that would grow its rate base ~10% annually over the next five years on a compound basis, including investments in new electric generation, transmission and distribution to serve growing customer demand.
- Says it is pursuing substantial opportunities for further investments in gathering, processing and transportation projects building on its success in the Bakken shale.