Black Hills Corporation

Black Hills Corporation

BKHยทNYSE

$71.90

+0.60%
UtilitiesDiversified Utilities

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

At a Glance

Live Snapshot
Market Cap$5.47B
EPS3.9900
P/E Ratio18.02
Earnings Date07/29/2026
1.01%
Dividend Yield
3%
3Y+2.0%
5Y+19.0%
10Y+51.0%
-2524.10%
Dividend Payout Ratio
-5282%
3Y-7057.0%
5Y-6946.0%
10Y-178.0%
3Y+25.0%
5Y+44.0%
10Y+137.0%
Black Hills Corporation

Black Hills Corporation Dividend History

BKH ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

BKH Dividend Payment History

BKH ยท NYSE

Total Payments

50

Latest Dividend

$0.7030

Annual Amount

$3.4340

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Apr 28, 2026
May 15, 2026Jun 1, 2026
$0.7030
$0.7030
Quarterly0.00%
Jan 23, 2026
Feb 17, 2026Mar 1, 2026
$0.7030
$0.7030
Quarterly+3.99%
Oct 28, 2025
Nov 17, 2025Dec 1, 2025
$0.6760
$0.6760
Quarterly0.00%
Jul 22, 2025
Aug 18, 2025Sep 2, 2025
$0.6760
$0.6760
Quarterly0.00%
Apr 22, 2025
May 16, 2025Jun 1, 2025
$0.6760
$0.6760
Quarterly0.00%
Jan 24, 2025
Feb 18, 2025Mar 1, 2025
$0.6760
$0.6760
Quarterly+4.00%
Oct 28, 2024
Nov 18, 2024Dec 1, 2024
$0.6500
$0.6500
Quarterly0.00%
Jul 22, 2024
Aug 19, 2024Sep 1, 2024
$0.6500
$0.6500
Quarterly0.00%
Apr 22, 2024
May 17, 2024Jun 1, 2024
$0.6500
$0.6500
Quarterly0.00%
Jan 26, 2024
Feb 16, 2024Mar 1, 2024
$0.6500
$0.6500
Quarterly+4.00%
Oct 23, 2023
Nov 17, 2023Dec 1, 2023
$0.6250
$0.6250
Quarterly0.00%
Jul 24, 2023
Aug 18, 2023Sep 1, 2023
$0.6250
$0.6250
Quarterly0.00%
Apr 24, 2023
May 18, 2023Jun 1, 2023
$0.6250
$0.6250
Quarterly0.00%
Jan 25, 2023
Feb 14, 2023Mar 1, 2023
$0.6250
$0.6250
Quarterly0.00%
Oct 25, 2022
Nov 17, 2022Dec 1, 2022
$0.6250
$0.6250
Quarterly+5.04%
Jul 25, 2022
Aug 18, 2022Sep 1, 2022
$0.5950
$0.5950
Quarterly0.00%
Apr 26, 2022
May 18, 2022Jun 1, 2022
$0.5950
$0.5950
Quarterly0.00%
Jan 26, 2022
Feb 14, 2022Mar 1, 2022
$0.5950
$0.5950
Quarterly0.00%
Oct 26, 2021
Nov 17, 2021Dec 1, 2021
$0.5950
$0.5950
Quarterly+5.31%
Jul 26, 2021
Aug 18, 2021Sep 1, 2021
$0.5650
$0.5650
Quarterly0.00%
Apr 26, 2021
May 18, 2021Jun 1, 2021
$0.5650
$0.5650
Quarterly0.00%
Jan 27, 2021
Feb 12, 2021Mar 1, 2021
$0.5650
$0.5650
Quarterly0.00%
Oct 27, 2020
Nov 17, 2020Dec 1, 2020
$0.5650
$0.5650
Quarterly+5.61%
Jul 27, 2020
Aug 18, 2020Sep 1, 2020
$0.5350
$0.5350
Quarterly0.00%
Apr 27, 2020
May 18, 2020Jun 1, 2020
$0.5350
$0.5350
Quarterly0.00%
Jan 29, 2020
Feb 14, 2020Mar 1, 2020
$0.5350
$0.5350
Quarterly0.00%
Oct 29, 2019
Nov 18, 2019Dec 1, 2019
$0.5350
$0.5350
Quarterly+5.94%
Jul 31, 2019
Aug 19, 2019Sep 1, 2019
$0.5050
$0.5050
Quarterly0.00%
Apr 29, 2019
May 17, 2019Jun 1, 2019
$0.5050
$0.5050
Quarterly0.00%
Jan 30, 2019
Feb 15, 2019Mar 1, 2019
$0.5050
$0.5050
Quarterly0.00%
Oct 30, 2018
Nov 19, 2018Dec 1, 2018
$0.5050
$0.5050
Quarterly+6.32%
Jul 25, 2018
Aug 20, 2018Sep 1, 2018
$0.4750
$0.4750
Quarterly0.00%
Apr 23, 2018
May 18, 2018Jun 1, 2018
$0.4750
$0.4750
Quarterly0.00%
Jan 31, 2018
Feb 15, 2018Mar 1, 2018
$0.4750
$0.4750
Quarterly0.00%
Nov 1, 2017
Nov 17, 2017Dec 1, 2017
$0.4750
$0.4750
Quarterly+6.74%
Jul 26, 2017
Aug 18, 2017Sep 1, 2017
$0.4450
$0.4450
Quarterly0.00%
May 10, 2017
May 18, 2017Jun 1, 2017
$0.4450
$0.4450
Quarterly0.00%
Jan 25, 2017
Feb 15, 2017Mar 1, 2017
$0.4450
$0.4450
Quarterly+5.95%
Oct 25, 2016
Nov 17, 2016Dec 1, 2016
$0.4200
$0.4200
Quarterly0.00%
Jul 29, 2016
Aug 18, 2016Sep 1, 2016
$0.4200
$0.4200
Quarterly0.00%
Apr 25, 2016
May 18, 2016Jun 1, 2016
$0.4200
$0.4200
Quarterly0.00%
Jan 27, 2016
Feb 16, 2016Mar 1, 2016
$0.4200
$0.4200
Quarterly+3.70%
Oct 27, 2015
Nov 17, 2015Dec 1, 2015
$0.4050
$0.4050
Quarterly0.00%
Jul 28, 2015
Aug 18, 2015Sep 1, 2015
$0.4050
$0.4050
Quarterly0.00%
Apr 27, 2015
May 18, 2015Jun 1, 2015
$0.4050
$0.4050
Quarterly0.00%
Jan 28, 2015
Feb 13, 2015Mar 1, 2015
$0.4050
$0.4050
Quarterly+3.85%
Oct 28, 2014
Nov 17, 2014Dec 1, 2014
$0.3900
$0.3900
Quarterly0.00%
Jul 30, 2014
Aug 15, 2014Sep 1, 2014
$0.3900
$0.3900
Quarterly0.00%
Apr 28, 2014
May 16, 2014Jun 1, 2014
$0.3900
$0.3900
Quarterly0.00%
Jan 30, 2014
Feb 14, 2014Mar 1, 2014
$0.3900
$0.3900
Quarterly-
bkh

Black Hills Corporation Payout Ratio Analysis

BKH ยท NYSE
Dividends Paid
-197.90M
2025
Net Income
291.60M
2025
Payout Ratio
67.87%
2025

Dividend Sustainability Analysis

Payout Ratio
67.87%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
-135.2%

Negative free cash flow while paying dividends is a major red flag. Company burning cash and cannot sustain dividend without external financing.

Dividend Growth
-8.6%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
Fair

Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.