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

Black Hills Corporation (NYSE:BKH) 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 yield of 3.5%. The ex-dividend date is Tuesday, November 17th.

Black Hills has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Research 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%

Shares of Black Hills stock opened at $80.73 on Thursday. The company’s fifty day moving average price is $73.66 and its two-hundred day moving average price is $73.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The firm has a market capitalization of $6.15 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 3.15 and a beta of 0.68. Black Hills has a 52-week low of $62.26 and a 52-week high of $81.96.

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

Black Hills Company Profile

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.