Black Hills Corporation (NYSE:BKH) Shares Will Pay 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 given a dividend of $0.7030 per share by the utilities provider on Tuesday, December 1st. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, November 17th.

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

NYSE BKH opened at $80.73 on Thursday. Black Hills has a 12-month low of $62.26 and a 12-month high of $81.96. The company has a fifty day simple moving average of $73.66 and a two-hundred day simple moving average of $73.22. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The stock has a market cap of $6.15 billion, a P/E ratio of 20.39, a P/E/G ratio of 3.15 and a beta of 0.68.

Black Hills (NYSE:BKH) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. The firm had revenue of $452.80 million for the quarter, compared to analyst estimates of $490.89 million. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s quarterly revenue 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 forecast that Black Hills will post 4.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BKH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Black Hills in a research report on Thursday, October 22nd. Freedom Broker raised Black Hills from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $78.00 in a report on Wednesday, October 7th. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. BMO Capital Markets lifted their target price on Black Hills from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Finally, Jefferies Financial Group assumed coverage on Black Hills in a research report on Wednesday, October 14th. They issued a “buy” rating and a $87.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $83.25.

About Black Hills

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.