Black Hills Co. (NYSE:BKH – Get Free Report) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.65 per share by the utilities provider on Saturday, June 1st. This represents a $2.60 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, May 16th.
Black Hills has increased its dividend by an average of 4.8% annually over the last three years and has raised its dividend every year for the last 1 years. Black Hills has a payout ratio of 63.1% indicating that its dividend is sufficiently covered by earnings.
Black Hills Stock Performance
BKH traded down $0.17 during trading on Wednesday, hitting $54.20. The stock had a trading volume of 60,169 shares, compared to its average volume of 541,052. The company has a 50 day moving average price of $52.79 and a 200-day moving average price of $52.18. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 13.81 and a beta of 0.64. Black Hills has a one year low of $46.43 and a one year high of $66.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.70 and a quick ratio of 0.56.
Analysts Set New Price Targets
A number of analysts have recently weighed in on BKH shares. Scotiabank cut their target price on Black Hills from $58.00 to $54.00 and set a “sector perform” rating for the company in a research report on Monday. Royal Bank of Canada cut their target price on Black Hills from $61.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 9th. Finally, StockNews.com cut Black Hills from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Black Hills has a consensus rating of “Hold” and an average price target of $55.00.
View Our Latest Stock Report on BKH
Black Hills Company Profile
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.
Featured Stories
- Five stocks we like better than Black Hills
- High Flyers: 3 Natural Gas Stocks for March 2022
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Comparing and Trading High PE Ratio Stocks
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
- Short Selling: How to Short a Stock
- GE Aerospace is Ready for Liftoff After Strong Earnings
Receive News & Ratings for Black Hills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Hills and related companies with MarketBeat.com's FREE daily email newsletter.