Black Hills Corp. Announces 5.6 Percent Dividend Increase

Rhea-AI Summary

Black Hills Corp. (BKH) has announced a quarterly dividend of 56.5 cents per share, marking a 5.6% increase over the prior quarter.

This declaration celebrates the company's 50th consecutive year of annual dividend increases, reinforcing its commitment to returning value to shareholders.

The dividend will be paid on December 1, 2020, to common shareholders of record as of November 17, 2020. With this, Black Hills has maintained a consistent dividend payout for 78 years.

Positive

• Quarterly dividend increased by 5.6%, reflecting strong performance.
• 50 consecutive years of annual dividend increases.
• 78 years of consistent dividend payments, indicating financial stability.

Negative

• None.

Dividend declaration completes 50 consecutive years of annual dividend increases

RAPID CITY, S.D., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its board of directors approved a quarterly dividend of 56.5 cents per share, a 3.0 cent per share, or 5.6%, increase over last quarter's dividend. Common shareholders of record at the close of business on Nov. 17, 2020, will receive 56.5 cents per share, payable Dec. 1, 2020.

“Today’s declaration marks a significant milestone with the completion of our 50th consecutive annual dividend increase, one of the longest records in the electric and gas utility sector,” said Linn Evans, president and CEO of Black Hills Corp. “Our track record of dividend increases affirms our long-term strategy of sharing our growing earnings with shareholders while maintaining the capital to sustainably grow long-term customer and shareholder value.”

This dividend announcement marks 78 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 Corporation
Black 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 1.28 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 Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com

24-Hour Media Relations Line
888-242-3969

FAQ

What is the current dividend amount for Black Hills Corp (BKH)?

The current dividend amount for Black Hills Corp (BKH) is 56.5 cents per share.

When is the dividend payment date for BKH?

The dividend payment date for BKH is December 1, 2020.

How often does Black Hills Corp pay dividends?

Black Hills Corp pays dividends quarterly.

What milestone has Black Hills Corp achieved with its latest dividend announcement?

Black Hills Corp has achieved 50 consecutive years of annual dividend increases.