Black Hills Corp. announced a $0.703 quarterly dividend, marking 56 years of consecutive increases, payable March 1, 2026.
Quiver AI Summary
Black Hills Corp. announced a quarterly dividend increase to $0.703 per share, up $0.027 from the previous quarter, reflecting confidence in the company's long-term growth strategy. Shareholders of record by February 17, 2026, will receive this dividend, scheduled for payment on March 1, 2026. This raise marks the 56th consecutive year of annual dividend increases and adds to Black Hills' impressive legacy of 84 years of continuous annual dividends since its predecessor company was established in 1942. The company, headquartered in Rapid City, South Dakota, serves 1.35 million customers across eight states in the electric and natural gas utility sectors.
Potential Positives
- The board of directors approved a quarterly dividend increase to $0.703 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders.
- This dividend increase marks the 56th consecutive year of annual dividend increases, demonstrating the company's long-standing stability and reliability in the utility sector.
- Black Hills Corp. has maintained the payment of annual dividends for 84 consecutive years, showcasing its resilience and commitment to shareholders since its inception.
- The announcement underscores the company's confidence in its long-term strategy and growth potential, indicating a positive outlook for future operations.
Potential Negatives
- The announcement of a dividend increase may raise concerns among investors if the company's operational performance or revenue growth does not align with its commitment to increased shareholder returns.
- While the press release emphasizes a long history of dividend payments, any potential future economic downturn or regulatory challenges could jeopardize this record, leading to possible investor disappointment.
- The reliance on a dividend increase as a key message could signal a lack of significant new initiatives or innovations to promote growth, which may be viewed negatively by analysts and investors seeking more substantial strategic developments.
FAQ
What is the new quarterly dividend amount announced by Black Hills Corp?
The new quarterly dividend amount is $0.703 per share, which is an increase of $0.027 from the last quarter.
When will the dividend be payable to shareholders?
The dividend will be payable on March 1, 2026, to shareholders of record at the close of business on February 17, 2026.
How long has Black Hills Corp. been increasing its dividends?
Black Hills Corp. has a track record of 56 consecutive years of annual dividend increases.
What does this dividend increase reflect about Black Hills Corp.?
The dividend increase reflects the company's confidence in its long-term strategy, growth, and execution of objectives.
How many customers does Black Hills Corp. serve?
Black Hills Corp. serves approximately 1.35 million natural gas and electric utility customers across eight states.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BKH Insider Trading Activity
$BKH insiders have traded $BKH stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $BKH stock by insiders over the last 6 months:
- KIMBERLY F NOONEY (SVP & CFO) sold 14,500 shares for an estimated $1,025,150
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BKH Revenue
$BKH had revenues of $430.2M in Q3 2025. This is an increase of 7.12% from the same period in the prior year.
You can track BKH financials on Quiver Quantitative's BKH stock page.
$BKH Hedge Fund Activity
We have seen 227 institutional investors add shares of $BKH stock to their portfolio, and 167 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COHEN & STEERS, INC. added 1,176,624 shares (+inf%) to their portfolio in Q3 2025, for an estimated $72,468,272
- ZIMMER PARTNERS, LP added 1,050,020 shares (+2100.0%) to their portfolio in Q3 2025, for an estimated $64,670,731
- JANE STREET GROUP, LLC added 823,614 shares (+806.4%) to their portfolio in Q3 2025, for an estimated $50,726,386
- BALYASNY ASSET MANAGEMENT L.P. added 658,017 shares (+10853.0%) to their portfolio in Q3 2025, for an estimated $40,527,267
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 551,977 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $33,996,263
- QUBE RESEARCH & TECHNOLOGIES LTD removed 502,066 shares (-96.7%) from their portfolio in Q3 2025, for an estimated $30,922,244
- ADAGE CAPITAL PARTNERS GP, L.L.C. added 475,000 shares (+475.0%) to their portfolio in Q3 2025, for an estimated $29,255,250
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$BKH Analyst Ratings
Wall Street analysts have issued reports on $BKH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Scotiabank issued a "Sector Outperform" rating on 11/07/2025
To track analyst ratings and price targets for $BKH, check out Quiver Quantitative's $BKH forecast page.
$BKH Price Targets
Multiple analysts have issued price targets for $BKH recently. We have seen 2 analysts offer price targets for $BKH in the last 6 months, with a median target of $72.5.
Here are some recent targets:
- Andrew Weisel from Scotiabank set a target price of $81.0 on 11/07/2025
- Julien Dumoulin-Smith from B of A Securities set a target price of $64.0 on 08/20/2025
Full Release
RAPID CITY, S.D., Jan. 23, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its board of directors approved a quarterly dividend of $0.703 per share, an increase of $0.027 per share over last quarter’s dividend. Common shareholders of record at the close of business on Feb. 17, 2026, will receive $0.703 per share, payable March 1, 2026.
“This increase in our dividend reflects our continued confidence in our long-term strategy and growth, and the ability of our team to execute our objectives,” said Linn Evans, president and CEO of Black Hills Corp.
The new annualized rate represents 56 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 84 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 1.35 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.
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Sal Diaz
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