Black Hills Corp. Increases Quarterly Dividend by 5% and Completes 52 Consecutive Years of Dividend Increases

Rhea-AI Summary

Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend increase of $0.625 per share, up 5.0% from the previous quarter. Shareholders of record as of Nov. 17, 2022, will receive the payment on Dec. 1, 2022. This marks 52 consecutive years of dividend increases, affirming the company's commitment to delivering long-term value to its customers and shareholders. Additionally, it represents 80 years of annual dividends since its inception in February 1942.

Positive

• Quarterly dividend increased to $0.625 per share, highlighting company growth.
• 52 consecutive years of dividend increases, reflecting strong customer-focused strategy.
• 80 years of continuous annual dividends, demonstrating financial stability.

Negative

• None.

RAPID CITY, S.D., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its board of directors approved a quarterly dividend of $0.625 per share, an increase of $0.03 per share, or 5.0%, over last quarter’s dividend. Common shareholders of record at the close of business on Nov. 17, 2022, will receive $0.625 per share, payable Dec. 1, 2022.

“We are pleased to complete 52 consecutive years of increasing our dividend, which is one of the longest records in the gas and electric utility sector,” said Linn Evans, president and CEO of Black Hills Corp. “This track record of dividend increases reflects the success of our customer-focused strategy in growing long-term value for customers and shareholders.”

This dividend announcement marks 80 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 1.3 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 new dividend amount for Black Hills Corp. (BKH)?

The new quarterly dividend amount for Black Hills Corp. (BKH) is $0.625 per share.

When will the dividend be paid for Black Hills Corp. (BKH)?

The dividend for Black Hills Corp. (BKH) will be paid on December 1, 2022.

What is the record for dividend increases at Black Hills Corp. (BKH)?

Black Hills Corp. (BKH) has achieved 52 consecutive years of dividend increases.

When was the first dividend paid by Black Hills Corp. (BKH)?

The first dividend was paid in February 1942, marking 80 years of annual dividends.