Black Hills dividend yield – Black Hills Corp Declares 0.625 Cash Dividend
June 18, 2023
🌥️Dividends Yield
On May 25 2023, Black Hills ($NYSE:BKH) Corporation (BLACK HILLS) announced a 0.625 cash dividend to its shareholders. BLACK HILLS has maintained a strong dividend yield for its investors throughout the past three years, averaging 3.46%. In 2021, 2022, and 2023, the dividend yield was 3.44%, 3.45%, and 3.5%, respectively. This makes BLACK HILLS an attractive option for dividend stock investors.
The ex-dividend date for this dividend is set for May 17 2023. Investors wishing to receive the dividend must have their share ownership registered by this date. BLACK HILLS has been a reliable dividend stock choice for many investors over the last few years and this dividend is no exception.
Share Price
This declaration came with news that the company’s stock had opened at $61.7 and closed at $60.7, representing a 2.0% drop from its previous closing price of $61.9. This dividend was declared in an effort to reward shareholders for their continued support, and as a sign of the company’s strong financial performance and outlook. With this dividend, BLACK HILLS reaffirms its commitment to creating long-term value and delivering returns to its investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Black Hills. More…
| Total Revenues | Net Income | Net Margin |
| 2.65k | 254.96 | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Black Hills. More…
| Operations | Investing | Financing |
| 584.8 | -603.88 | 32.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Black Hills. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.62k | 6.53k | 45.19 |
Key Ratios Snapshot
Some of the financial key ratios for Black Hills are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | 4.6% | 17.4% |
| FCF Margin | ROE | ROA |
| -0.7% | 9.6% | 3.0% |
Analysis – Black Hills Stock Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of the fundamentals of BLACK HILLS. Our proprietary Valuation Line has calculated the fair value of BLACK HILLS shares at around $82.4. Currently, BLACK HILLS stock is traded at $60.7, which is 26.3% below the fair value. This indicates that investors can make a profitable investment by purchasing BLACK HILLS stock at the current price. More…
Peers
The company operates through four segments: Electric Utilities, Gas Utilities, Coal Mining, and Power Generation. Black Hills Corp owns and operates six electric and natural gas utilities. The company’s electric utilities serve approximately 686,300 customers in Colorado, Montana, Nebraska, South Dakota, and Wyoming. Its gas utilities serve approximately 546,400 customers in Colorado, Nebraska, South Dakota, and Wyoming. Black Hills Corp’s coal mining operations are located in the Powder River Basin of Wyoming. The company’s power generation segment owns and operates seven power plants with a capacity of 1,445 megawatts. Black Hills Corp’s competitors include Chubu Electric Power Co Inc, NorthWestern Corp, and Otter Tail Corp.
– Chubu Electric Power Co Inc ($TSE:9502)
Chubu Electric Power Co Inc is a Japanese electric utility company that services the Chubu region on the island of Honshu. It has a market cap of 928.54B as of 2022 and a Return on Equity of -1.25%. The company is the third largest electric utility in Japan and one of the ten largest in the world. It serves over 19 million people and has over 46,000 employees.
– NorthWestern Corp ($NASDAQ:NWE)
Northwestern Corp is a holding company that, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company has a market cap of 3.01B as of 2022 and a Return on Equity of 11.07%. The company’s subsidiaries include Northwestern Public Service Company, which provides electric utility service in South Dakota; Montana-Dakota Utilities Co, which provides electric and natural gas utility service in North Dakota, South Dakota, and Montana; and Nipsco Industries, Inc, which provides electric utility service in Indiana and Illinois.
– Otter Tail Corp ($NASDAQ:OTTR)
Otter Tail Corporation is a holding company that engages in the electric, manufacturing, and plastics businesses in the United States. It operates through the following segments: Electric, Manufacturing, and Plastics. The Electric segment generates, transmits, and distributes electricity in Minnesota, North Dakota, and South Dakota. The Manufacturing segment designs and manufactures metal fabricated products and components primarily for the medical device and other industries. The Plastics segment manufactures and sells plastic products. The company was founded by John N. Teigen in 1907 and is headquartered in Fergus Falls, MN.
Summary
Investing in BLACK HILLS is a wise choice for dividend stock investors due to its consistent dividend yield over the past three years. With an average dividend yield of 3.46%, BLACK HILLS has paid out dividends of 2.44, 2.41 and 2.29 USD per share in the past three years. For 2021, 2022 and 2023, BLACK HILLS is expected to offer a dividend yield of 3.44%, 3.45% and 3.5% respectively. Investing in BLACK HILLS is therefore a great way to grow your wealth and secure your financial future.
