Black Hills Corporation (NYSE:BKH) Announces Dividend Increase – $0.70 Per Share

Black Hills Corporation (NYSE:BKH) declared a quarterly dividend on Friday, January 23rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.703 per share by the utilities provider on Sunday, March 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 4.0% increase from Black Hills’s previous quarterly dividend of $0.68.

Black Hills has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 55 years. Black Hills has a dividend payout ratio of 65.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Black Hills to earn $4.36 per share next year, which means the company should continue to be able to cover its $2.81 annual dividend with an expected future payout ratio of 64.4%.

Black Hills Price Performance

Shares of Black Hills stock opened at $74.03 on Friday. Black Hills has a 12-month low of $54.92 and a 12-month high of $75.87. The firm has a market cap of $5.59 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.89 and a beta of 0.75. The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 1.23. The company’s fifty day simple moving average is $71.41 and its two-hundred day simple moving average is $66.11.

Black Hills (NYSE:BKH) last released its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a return on equity of 7.95% and a net margin of 12.62%.Black Hills’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Black Hills will post 4.12 EPS for the current year.

About Black Hills

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.