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. Investors 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 is Tuesday, February 17th. This is a 4.0% increase from Black Hills’s previous quarterly dividend of $0.68.

Black Hills has raised its dividend payment by an average of 0.0%per year over the last three years and has raised 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. 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. The business’s fifty day moving average price is $71.41 and its 200 day moving average price is $66.11. Black Hills has a twelve month low of $54.92 and a twelve month high of $75.87. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $5.59 billion, a P/E ratio of 18.60, a PEG ratio of 2.89 and a beta of 0.75.

Black Hills (NYSE:BKH) last released its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.41 EPS for the quarter, topping 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%.During the same period in the prior year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. 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 4.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BKH shares. BMO Capital Markets lifted their target price on shares of Black Hills from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Black Hills in a research report on Monday, December 29th. Wall Street Zen downgraded Black Hills from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Scotiabank upgraded Black Hills from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $66.00 to $81.00 in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Black Hills has an average rating of “Moderate Buy” and an average price target of $76.33.

Black Hills Company Profile

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.