Black Hills Corporation (NYSE:BKH) to Issue $0.70 Quarterly Dividend

Black Hills Corporation (NYSE:BKH) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.703 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, August 17th.

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 $4.59 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 61.2%.

Black Hills Trading Down 0.0%

Shares of NYSE:BKH opened at $74.77 on Wednesday. Black Hills has a 12-month low of $56.31 and a 12-month high of $78.69. The business has a 50 day moving average of $73.62 and a 200-day moving average of $73.09. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a market cap of $5.69 billion, a PE ratio of 19.47, a P/E/G ratio of 2.95 and a beta of 0.71.

Black Hills (NYSE:BKH) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The firm had revenue of $780.70 million for the quarter, compared to the consensus estimate of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.Black Hills’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts forecast that Black Hills will post 4.34 earnings per share 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.