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RAPID CITY, S.D. - Black Hills Corp. (NYSE:BKH) announced Tuesday that its board of directors has declared a quarterly dividend of $0.676 per share on its common stock, representing an attractive 4.66% yield. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years, with 54 years of consecutive increases. The dividend will be payable on Sept. 2, 2025, to shareholders of record as of the close of business on Aug. 18, 2025.
The utility company, currently trading near its 52-week low with a P/E ratio of 14.68, also confirmed it will release its second-quarter 2025 earnings results after market close on Wednesday, July 30, 2025. Black Hills will host a conference call and webcast the following day on Thursday, July 31, at 11 a.m. EDT to discuss the financial results. Get deeper insights into BKH’s dividend sustainability and financial health with InvestingPro, which offers 8 additional exclusive ProTips for this stock.
Black Hills Corp. serves approximately 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
The announcement was made in a company press release issued Tuesday.
In other recent news, Black Hills Corporation reported its Q1 2025 earnings, which exceeded Wall Street expectations. The company achieved an earnings per share of $1.87, slightly above the forecast of $1.86, and generated revenue of $805.2 million, surpassing the anticipated $733.38 million. Additionally, Black Hills Corp. received approval from the Wyoming Public Service Commission for a $280 million power generation project in Rapid City, South Dakota, known as the Lange II Project. This facility will serve customers in South Dakota and eastern Wyoming.
In another development, Black Hills Corp. has reset its "at-the-market" equity offering program to a new aggregate gross sales price limit of $400 million. Meanwhile, Dakota Gold Corp. has announced significant leadership changes as it prepares to transition its Richmond Hill Heap Leach Gold Project into production. Jack Henris will become President and Chief Operating Officer, effective June 1, 2025, following the retirement of COO Gerald Aberle, who will remain on the Board of Directors. Todd Kenner and Kevin Puil have joined Dakota Gold’s Board of Directors, while Amy Koenig will resign from the Board to assume the role of Senior Vice President, Chief Legal Officer, and Corporate Secretary.
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