2 unchanged sentences
As of December 31, 2023, the Company's common stock was held by approximately 9,200 stockholders of record.
+Added: The Company has an 86-year history of uninterrupted dividend payments to stockholders and remains committed to paying a competitive dividend as the Company transitions to being a pure-play regulated energy delivery company.
+Added: Based on this anticipated future state as a pure-play regulated energy delivery business, the board of directors established a long-term dividend payout ratio target of 60 percent to 70 percent of regulated earnings.
The Company depends on earnings and dividends from its subsidiaries to pay dividends on common stock.
−Removed: The Company has paid uninterrupted dividends to stockholders for 85 consecutive years with an increase in the payout amount for the last 32 consecutive years.
The declaration and payment of dividends is at the sole discretion of the board of directors, subject to limitations imposed by agreements governing the Company's indebtedness, federal and state laws, and applicable regulatory limitations.
2 unchanged sentences
ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Purchased (1) (b)
+Added: Period Total Number
+Added: Purchased (1)
Average Price Paid per Share
−Removed: (or Unit) (c)
Total Number of Shares
2 unchanged sentences
Announced Plans
−Removed: or Programs (2) (d)
+Added: or Programs (2)
Maximum Number (or
8 unchanged sentences
Total 50,717 $18.73 — —
−Removed: (1) Represents shares of common stock purchased on the open market in connection with annual stock grants made to the Company's non-employee directors and for those directors who elected to receive additional shares of common stock in lieu of a portion of their cash retainer.
+Added: (1) Represents MDU original issue shares of common stock in connection with annual stock grants made to the Company's non-employee directors.
(2) Not applicable.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.