Black Hills Corp. Increases Quarterly Dividend to $0.703, Marking 56 Years of Growth

Written by Emily J. Thompson, Senior Investment Analyst

BKH+0.65%

Source: Newsfilter

Updated: 5d ago

0mins

Source: Newsfilter

Dividend Increase: Black Hills Corp. announces an increase in its quarterly dividend to $0.703 per share, up $0.027 from the previous quarter, reflecting the company's confidence in its long-term strategy and growth, which is expected to attract more investor interest.
Sustained Record: This dividend adjustment marks 56 consecutive years of dividend increases for Black Hills, making it the second-longest record in the electric and natural gas utility industry, further solidifying its leadership position in the sector.
Historical Legacy: Having paid annual dividends since 1942, Black Hills has maintained this practice for 84 consecutive years, demonstrating a strong commitment to shareholder returns, which enhances investor trust.
Customer Base: Serving 1.35 million natural gas and electric utility customers across eight states, including Arkansas and Colorado, Black Hills' robust customer base provides solid support for its continued growth.

Discover Tomorrow's Bullish Stocks Today

Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.

Sign up now to unlock expert insights and stay one step ahead of the market trends.

BKH

$72.63+Infinity%1D

Analyst Views on BKH

Wall Street analysts forecast BKH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKH is 80.00 USD with a low forecast of 73.00 USD and a high forecast of 87.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 72.160

Low

73.00

Averages

80.00

High

87.00

Current: 72.160

Low

73.00

Averages

80.00

High

87.00

BofA

Neutral

maintain

$70 -> $72

2026-01-23

Reason

BofA

Price Target

$70 -> $72

AI Analysis

2026-01-23

maintain

Neutral

Reason

BofA raised the firm's price target on Black Hills to $72 from $70 and keeps a Neutral rating on the shares. The firm updated its target after rolling its valuation to 2028 EPS and updating peer P/E multiples.

Wells Fargo

Equal Weight

to

Underweight

downgrade

$58 -> $53

2026-01-20

Reason

Wells Fargo

Price Target

$58 -> $53

2026-01-20

downgrade

Equal Weight

to

Underweight

Reason

As previously reported, Wells Fargo downgraded NorthWestern Energy (NWE) to Underweight from Equal Weight with a price target of $53, down from $58, on valuation and increasing discomfort around the deal with Black Hills (BKH). Shares are now in-line vs Utilities Select Sector Index, while the firm sees risk/reward skewing negative given mounting uncertainty around the Black Hills merger - if deal breaks, Wells expects noticeable downside risk with shares.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for BKH

Unlock Now

About BKH

Black Hills Corporation is a customer-focused, growth-oriented utility company. It serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its segments include Electric Utilities and Gas Utilities. Its Electric Utilities segment generates, transmits and distributes electricity to approximately 225,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. Its Electric Utilities own 1,394 megawatts of generation and 9,196 miles of electric transmission and distribution lines. Its Gas Utilities segment serves over 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. Its Gas Utilities own and operate 4,648 miles of intrastate gas transmission pipelines and 44,524 miles of gas distribution mains and service lines, seven natural gas storage sites, over 50,000 horsepower of compression, and 516 miles of gathering lines.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.