Black Hills Corporation has maintained a consistent dividend payout for 55 consecutive years, underscoring its financial stability and commitment to shareholders in the utility sector. The company's long-standing track record positions it as a standout among U.S. utilities.
- Black Hills Corp. has increased dividends for 55 consecutive years.
- 2025 fourth-quarter dividend raised by 4.7%, totaling $2.68 annual payout.
- Average annual dividend growth over the past decade: ~4.5%.
- 89% of earnings come from regulated utility operations.
- Dividend yield stands at 2.9% as of January 2026.
- Stock rose 12% over the previous 12 months.
Black Hills Corporation (ticker: BKH) has announced the continuation of its uninterrupted dividend increase streak, marking its 55th consecutive year of raising dividends. This achievement highlights the company’s resilient earnings performance and disciplined capital allocation strategy across its regulated utility operations in Colorado, Wyoming, Nebraska, and South Dakota. The company’s quarterly dividend was increased by 4.7% for the fourth quarter of 2025, bringing the annual dividend to $2.68 per share. This follows a steady progression of increases averaging approximately 4.5% annually over the past decade, outpacing the average growth rate of S&P 500 utilities. Black Hills’ ability to grow dividends through multiple economic cycles reflects strong cash flow generation from its regulated infrastructure assets. The sustained payout is supported by a diversified revenue base, including natural gas distribution and electric transmission services, with 89% of earnings derived from regulated operations. This regulatory predictability reduces earnings volatility and enables consistent investment in grid modernization and renewable integration—key drivers of long-term value. Investors seeking income with low volatility have shown growing interest in Black Hills, with its dividend yield at 2.9% as of January 2026. The stock’s price appreciation has also been stable, rising 12% over the prior 12 months amid broader utility sector gains. The company remains committed to maintaining its dividend policy, even as it advances toward its 2030 carbon reduction targets.