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

Black Hills Corporation (NYSE:BKH) declared a quarterly dividend on Tuesday, July 28th. Stockholders 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) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th.

Black Hills has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 55 consecutive years. Black Hills has a payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of BKH stock traded down $0.02 during trading on Wednesday, hitting $74.78. The company’s stock had a trading volume of 13,064 shares, compared to its average volume of 968,989. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market cap of $5.69 billion, a PE ratio of 19.51, a P/E/G ratio of 2.95 and a beta of 0.71. The business has a fifty day moving average of $73.62 and a 200-day moving average of $73.09. Black Hills has a 52 week low of $56.31 and a 52 week high of $78.69.

Black Hills (NYSE:BKH) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The business 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%.The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Black Hills will post 4.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BKH shares. LADENBURG THALM/SH SH began coverage on shares of Black Hills in a research report on Wednesday, April 1st. They set a “buy” rating and a $77.00 price target for the company. BMO Capital Markets dropped their target price on shares of Black Hills from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Oppenheimer set a $78.00 target price on shares of Black Hills in a research report on Thursday, June 11th. Bank of America lifted their price target on shares of Black Hills from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $81.67.

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.