Black Hills Corporation (BKH) To Go Ex-Dividend on November 17th

Black Hills Corporation (NYSE:BKH) declared a quarterly dividend on Wednesday, October 28th. Investors 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 17th.

Black Hills has a payout ratio of 65.2% meaning 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 Price Performance

BKH opened at $81.43 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The stock’s 50 day simple moving average is $73.82 and its 200 day simple moving average is $73.28. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.15 and a beta of 0.68. Black Hills has a 1 year low of $62.26 and a 1 year high of $81.96.

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 the consensus estimate of $0.41 by $0.13. Black Hills had a return on equity of 7.98% and a net margin of 13.01%. The firm had revenue of $452.80 million during the quarter, compared to the consensus estimate of $490.89 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts predict that Black Hills will post 4.34 earnings per share for the current year.

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.