Black Hills Corporation (NYSE:BKH) Announces Quarterly Dividend of $0.70

Key Points

• Black Hills declared a quarterly dividend of $0.703 per share, payable December 1 to shareholders of record on November 17. The annualized dividend is $2.81, representing a 3.5% yield.
• The dividend appears supported by earnings, with a 65.2% payout ratio and an expected forward payout ratio of 61.4% based on projected earnings of $4.58 per share.
• Black Hills recently reported quarterly EPS of $0.54, beating estimates of $0.41, while revenue rose 3.1% year over year to $452.8 million. The stock opened at $80.73, near its 52-week high of $81.96.

Black Hills Corporation (NYSE:BKH - Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.7030 per share by the utilities provider on Tuesday, December 1st. This represents a $2.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 17th.

Black Hills has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Black Hills to earn $4.58 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 61.4%.

Black Hills Trading Down 1.3%

BKH opened at $80.73 on Thursday. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 3.15 and a beta of 0.68. The stock's 50 day moving average price is $73.66 and its 200-day moving average price is $73.22. Black Hills has a one year low of $62.26 and a one year high of $81.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.52.

Black Hills (NYSE:BKH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. The company had revenue of $452.80 million during the quarter, compared to analysts' expectations of $490.89 million. Black Hills had a return on equity of 7.98% and a net margin of 13.01%. Black Hills's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Black Hills will post 4.34 EPS for the current year.

About Black Hills

Black Hills Corporation NYSE: BKH is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.

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