MDU Resources employees in 2003 and 2004 earnings guidance.
MDU Resources Group, Inc. (NYSE: MDU) announced that its 2003 businesses, earnings per share conduct. Design earnings per diluted share for the year 2003 should be within a range of $ 2.10 to $ 2.35 previously announced, including $ 7.6 million after-tax non zahlungswirksam free transition on the outcome reflects the cumulative effect of change in accounting for commitments of departure, as the facilities by adopting Statement of Financial Accounting Standards No. 143 Earnings per share, diluted, in 2003, before the cumulative effect of change in accounting rules should be in the area of $ 2.20 to $ 2.45. Latest projections for earnings per share, diluted, in the year 2004 can be found in the area of $ 2.25 to $ 2.45.Chairman of the Board, President and Chief Executive Officer Martin A. White said: “We rely on the benefits of our disciplined growth strategy. Employed by innovation and a strong development at lower cost and quality of products and services, operational efficiency and attractive acquisitions our company, we have important contributions to help make America’s infrastructure.
“In 2004, we expect to see continuing strength in the market for building materials and benefits of extending the natural gas production and transportation. Further improvements in the economic environment should benefit from our Utility Services business. We expect that natural gas and oil prices back something high levels seen during 2003
In August 2003, the MDU Resources Board of Directors said quarterly dividend of shares of 25.5 cents per share, more than 6.3 percent previously declared quarterly dividends of 24 cents. This is the Year 13 consecutive increase. The company has paid consecutive quarterly dividends since 1937.
The Board of Directors has approved the allocation of stock of the joint venture on a three-for-two basis, subject to obtaining the approval of the relevant supervisory authorities. The split of shares is made in the form of a share of 50 per cent dividend. It is expected that the authorities issuing permits needed for the split with effect from October 29, 2003, to shareholders of record on October 10, 2003.
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