Black Hills Corp. Announces Quarterly Dividend Increase

Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend increase, reflecting the company's strong financial performance and commitment to rewarding shareholders. The board of directors approved a quarterly dividend of $0.65 per share, an increase of $0.025 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 16, 2024, will receive $0.65 per share, payable March 1, 2024.

This dividend increase marks 54 consecutive years of annual dividend increases for Black Hills Corp., solidifying its position as one of the longest records in the electric and natural gas utility industry. The new annualized rate reflects the company's confidence in its future growth and ability to deliver long-term shareholder value.


Black Hills Corp. has a history of consistent dividend growth, which has contributed to its strong stock performance. The company's dividend policy aligns with its long-term strategic goals and investor expectations, focusing on creating sustainable value for shareholders. Key factors driving Black Hills Corp.'s dividend growth and financial performance include its diversified business model, strong customer base, and effective management of regulatory and operational risks.


The recent dividend increase is in line with Black Hills Corp.'s historical trends and industry averages. The company's payout ratio remains within a comfortable range, indicating a balanced approach to rewarding shareholders while maintaining a strong financial position. The dividend increase is expected to have a positive impact on the company's stock valuation metrics, such as the dividend yield and price-to-earnings ratio, further enhancing its attractiveness to income-oriented and growth-oriented investors.

In conclusion, Black Hills Corp.'s quarterly dividend increase demonstrates the company's commitment to shareholder value and its confidence in future growth. With a strong track record of dividend growth and a solid financial foundation, Black Hills Corp. continues to be an attractive investment option for income-oriented and growth-oriented investors alike.