MDU Resources (MDU)

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And increases divy 6.3%...

BISMARCK, N.D., Aug 14, 2003 (BUSINESS WIRE) -- The Board of Directors of MDU Resources Group, Inc. (NYSE:MDU) at its regular meeting declared a quarterly common stock dividend of 25.5 cents per share, a 6.3 percent increase from the previously stated quarterly dividend of 24 cents. This results in a 6 cents per share annualized increase.
"By increasing the common stock dividend the Board of Directors reinforced its belief in the continuing growth potential of the company," said Martin A. White, chairman of the board, president and chief executive officer. "Earnings for the first two quarters of 2003 reflect the overall growth the company has experienced in recent years. We feel it is important to share that growth with stockholders who have expressed their confidence in our company and its ability to grow. We are proud that we have been able to increase our dividend every year since 1990. We are also proud that we have an unbroken record of consecutive dividend payments dating back to 1937."
The Board of Directors also declared dividends on preferred stock as follows:

$1.12-1/2 per share on 4.50 percent Series Preferred


$1.17-1/2 per share on 4.70 percent Series Preferred


$1.27-1/2 per share on 5.10 percent Series Preferred

The dividends are payable on October 1, 2003, to stockholders of record September 11, 2003.