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RAPID CITY, S.D. - Black Hills Corp. (NYSE:BKH), an energy company serving 1.35 million customers across eight states, has declared a quarterly dividend and scheduled its first-quarter earnings release and conference call. Shareholders of record as of May 16, 2025, will receive a dividend of $0.676 per share on June 1, 2025, representing a 4.45% yield. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years, with 54 years of consecutive increases.
The company will release its first-quarter financial results after market close on May 7, 2025. The following day, at 11 a.m. EDT, Black Hills Corp. will host a live conference call and webcast to discuss the financial outcomes. Participants interested in joining the call to ask questions can register for the Black Hills Corp. Conference Q&A. A listen-only webcast and presentation slides will be accessible through registration at the company’s webcast link.
At the end of the live broadcast, a replay will be available for up to one year on the company’s investor relations website and through a provided link. Black Hills Corp., headquartered in Rapid City, South Dakota, operates as a customer-focused utility company with a presence in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. With a market capitalization of $4.38 billion and a P/E ratio of 15.5x, the company maintains a "GOOD" financial health score according to InvestingPro’s comprehensive analysis, though current trading levels suggest slight overvaluation relative to its Fair Value.
This announcement is based on a press release statement from Black Hills Service Company, LLC.
In other recent news, Black Hills Corp has received approval from the Colorado Public Utilities Commission to implement new electric utility rates in Colorado. The new rates, effective March 22, 2025, are designed to recover approximately $370 million in system investments and account for inflationary impacts on operational costs. This adjustment is expected to generate an additional $17.0 million in annual revenue for the company. In another development, Black Hills Corp announced the resignation of Erik Keller, Senior Vice President and Chief Information Officer, effective February 28, 2025. The company has not yet named a successor for Mr. Keller. Additionally, Black Hills Corp declared a quarterly dividend increase to $0.676 per share, marking the 55th consecutive year of annual dividend increases. This decision reflects the company’s confidence in its strategic direction and growth potential. These recent developments highlight the company’s ongoing efforts to enhance its financial stability and shareholder value.
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