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Black Hills Corp. Announces Increase in Quarterly Dividend

1. Black Hills Corp. announced a quarterly dividend increase of $0.026. 2. This marks 55 consecutive years of dividend increases for the company. 3. The new dividend reflects confidence in long-term growth, according to CEO Linn Evans. 4. Black Hills has a strong history, paying dividends for 83 consecutive years. 5. The company serves 1.34 million customers across eight states.

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FAQ

Why Bullish?

The dividend increase demonstrates financial strength, which may attract investors. Historical dividend growth often boosts stock performance.

How important is it?

Dividends significantly influence investor sentiment and stock price. This announcement indicates ongoing company stability.

Why Long Term?

Sustained dividend increases indicate stable financial performance over the long run. Companies with long dividend histories tend to maintain investor interest.

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BKH
RAPID CITY, S.D., Jan. 24, 2025 (GLOBE NEWSWIRE) --  Black Hills Corp. (NYSE: BKH) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter’s dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025. “This dividend increase reflects the confidence we have in our team, strategy and long-term growth,” said Linn Evans, president and CEO of Black Hills Corp.  The new annualized rate represents 55 consecutive years of annual dividend increases and is the second longest track record in the electric and natural gas utility industry. This dividend announcement marks 83 consecutive years that Black Hills has paid annual dividends, starting in February 1942 when its predecessor company, Black Hills Power & Light Company, was newly incorporated. Black Hills CorporationBlack Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.34 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com. Investor RelationsSal Diazinvestorrelations@blackhillscorp.com 24-Hour Media Relations Line 888-242-3969

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