Black Hills Corp. Announces Increase in Quarterly Dividend

Rhea-AI Summary

Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend increase of $0.026 per share, bringing the new dividend to $0.676 per share. The dividend will be payable on March 1, 2025, to shareholders of record as of February 18, 2025.

This increase marks the company's 55th consecutive year of annual dividend increases, representing the second-longest track record in the electric and natural gas utility industry. Black Hills has maintained an unbroken streak of 83 consecutive years of annual dividend payments since February 1942.

The company currently serves 1.34 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

Positive

• Quarterly dividend increased by $0.026 to $0.676 per share
• 55 consecutive years of dividend increases
• 83-year track record of consistent dividend payments
• Second-longest dividend increase streak in the utility industry

Negative

• None.

RAPID CITY, S.D., Jan. 24, 2025 (GLOBE NEWSWIRE) --  Black Hills Corp. (NYSE: BKH) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter’s dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025.

“This dividend increase reflects the confidence we have in our team, strategy and long-term growth,” said Linn Evans, president and CEO of Black Hills Corp. 

The new annualized rate represents 55 consecutive years of annual dividend increases and is the second longest track record in the electric and natural gas utility industry.

This dividend announcement marks 83 consecutive years that Black Hills has paid annual dividends, starting in February 1942 when its predecessor company, Black Hills Power & Light Company, was newly incorporated.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.34 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Sal Diaz
investorrelations@blackhillscorp.com

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888-242-3969

FAQ

What is Black Hills Corp's (BKH) new quarterly dividend amount for 2025?

Black Hills Corp's new quarterly dividend is $0.676 per share, representing an increase of $0.026 per share over the previous quarter.

When will BKH's latest quarterly dividend be paid?

The dividend will be paid on March 1, 2025, to shareholders of record as of February 18, 2025.

How many consecutive years has Black Hills Corp (BKH) increased its dividend?

Black Hills Corp has increased its dividend for 55 consecutive years, the second-longest track record in the electric and natural gas utility industry.

How many customers does Black Hills Corp (BKH) serve in 2025?

Black Hills Corp serves 1.34 million natural gas and electric utility customers across eight states.

In which states does Black Hills Corp (BKH) operate as of 2025?

Black Hills Corp operates in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.