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Ex-Dividend Reminder: MDU Resources Group, Valley National Bancorp and Mercury General

By Dividend Channel Staff, Monday, September 11, 9:59 AM ET

On 9/13/23, MDU Resources Group Inc (NYSE:MDU), Valley National Bancorp (NASDAQ:VLY), and Mercury General Corp. (NYSE:MCY) will all trade ex-dividend for their respective upcoming dividends. MDU Resources Group Inc will pay its quarterly dividend of $0.125 on 10/1/23, Valley National Bancorp will pay its quarterly dividend of $0.11 on 10/2/23, and Mercury General Corp. will pay its quarterly dividend of $0.3175 on 9/28/23.

As a percentage of MDU's recent stock price of $19.88, this dividend works out to approximately 0.63%, so look for shares of MDU Resources Group Inc to trade 0.63% lower — all else being equal — when MDU shares open for trading on 9/13/23. Similarly, investors should look for VLY to open 1.20% lower in price and for MCY to open 1.13% lower, all else being equal.

Below are dividend history charts for MDU, VLY, and MCY, showing historical dividends prior to the most recent ones declared.

MDU Resources Group Inc (NYSE:MDU):

Valley National Bancorp (NASDAQ:VLY):

Mercury General Corp. (NYSE:MCY):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.52% for MDU Resources Group Inc, 4.79% for Valley National Bancorp, and 4.53% for Mercury General Corp..


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In Monday trading, MDU Resources Group Inc shares are currently up about 0.4%, Valley National Bancorp shares are up about 0.8%, and Mercury General Corp. shares are off about 0.1% on the day.


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Ex-Dividend Reminder: MDU Resources Group, Valley National Bancorp and Mercury General | www.DividendChannel.com

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