Black Hills Corporation (BKH) to Issue Quarterly Dividend of $0.70 on September 1st

Black Hills Corporation (NYSE:BKH) declared 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 dividend yield of 3.9%. The ex-dividend date 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 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 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 Down 2.6%

BKH opened at $72.84 on Thursday. The business’s 50-day simple moving average is $73.60 and its 200-day simple moving average is $73.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.65. Black Hills has a one year low of $56.31 and a one year high of $78.69. The stock has a market capitalization of $5.55 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.96 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The firm had revenue of $780.70 million during the quarter, compared to analyst estimates of $769.19 million. Black Hills had a net margin of 12.61% and a return on equity of 7.77%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts anticipate that Black Hills will post 4.34 EPS for the current year.

Insider Activity at Black Hills

In other news, Director Robert P. Otto sold 4,109 shares of Black Hills stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total value of $304,969.98. Following the sale, the director owned 10,886 shares of the company’s stock, valued at $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Black Hills

A number of hedge funds have recently added to or reduced their stakes in BKH. Public Employees Retirement System of Ohio increased its position in Black Hills by 4.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,342 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 137 shares during the period. Meeder Advisory Services Inc. raised its stake in shares of Black Hills by 1.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider’s stock worth $638,000 after buying an additional 145 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Black Hills by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider’s stock valued at $1,614,000 after buying an additional 154 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Black Hills by 11.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the utilities provider’s stock valued at $105,000 after buying an additional 156 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Black Hills by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,827 shares of the utilities provider’s stock valued at $266,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.