Black Hills (BKH) Dividend Capture: 0.95% per event (3.7% annualized)
BKH
Black Hills (BKH) has touched its pre-ex close within 30 trading days in 95% of the last 20 ex-dividend events, with a median time-to-touch of 1 trading day (limit-order recovery basis). The dividend is below the typical daily price swing (signal-to-noise 0.46), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, BKH sits roughly in line with the Utilities sector benchmark of 95%. The sector median time-to-touch is 1 trading day, matching the peer pace.
Historical base rates are not predictions; transaction costs, slippage, and ordinary-income tax on short holding periods can materially reduce realized profit. The next confirmed ex-dividend date is May 15, 2026, with an expected dividend of $0.70.
- Touch rate (30d)
- 95%in line with sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.46in line with sector
Recovery engine
TL;DR over the most recent 20 events.
- 30-day touch rate
- 95%in line with sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise (div / ATR)
- 0.46in line with sector
- Avg gap on ex-date
- -0.87%-0.16pp vs sector
- Win rate at MOC exit
- 55%
- Median drawdown during hold
- -3.30%+0.46pp vs sector
- Best / worst touch (days)
- 1 / 15
Next ex-dividend
Confirmed by company declaration.
- Dividend
- $0.70
- Per-event yield
- 0.95%
- Annualized yield
- 3.74%
- Previously paid
- Feb 17, 2026 ($0.70)
- Last record date
- Feb 17, 2026
- Last payment date
- Mar 1, 2026
How BKH ranks in Utilities
Compared with other stocks in this sector that pass our capture-quality filter (45 tickers). Lower rank number is better on every metric below.
- 30-day touch rate#12of 45
Beats ~73% of peers on this metric
- Median days to touch#1of 45
Beats ~98% of peers on this metric
- Signal-to-noise#21of 45
Beats ~53% of peers on this metric
BKH Dividend Capture History — Last 20 Ex-Dividend Events
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday high at or above that level, plus 5/30-day touch flags, drawdown and 5-day P&L for Black Hills (BKH). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.
| Recovered 5d | Recovered 30d | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Q1 | $0.70 | 0.03% | $74.05 | 1 | yes | yes | -2.36% | +0.50% | |
| Q4 | $0.68 | -0.89% | $69.94 | 1 | yes | yes | -1.12% | +2.63% | |
| Q3 | $0.68 | -1.10% | $61.62 | 3 | yes | yes | -3.44% | -1.13% | |
| Q2 | $0.68 | -1.18% | $58.67 | 2 | yes | yes | -2.85% | +0.11% | |
| Q1 | $0.68 | -1.37% | $59.65 | 4 | yes | yes | -1.94% | +1.13% | |
| Q4 | $0.65 | -1.13% | $62.74 | 1 | yes | yes | -1.42% | +4.10% | |
| Q3 | $0.65 | -1.28% | $57.80 | 3 | yes | yes | -1.40% | +2.60% | |
| Q2 | $0.65 | -1.09% | $56.87 | 1 | yes | yes | -4.84% | -2.53% | |
| Q1 | $0.65 | -0.60% | $51.42 | 1 | yes | yes | -0.78% | +3.01% | |
| Q4 | $0.63 | -0.65% | $52.30 | 11 | no | yes | -3.92% | -0.79% | |
| Q3 | $0.63 | -0.87% | $56.40 | >30 | no | no | -4.47% | -0.82% | |
| Q2 | $0.63 | -0.86% | $64.02 | 15 | no | yes | -6.39% | -2.30% | |
| Q1 | $0.63 | -1.01% | $64.15 | 1 | yes | yes | -3.34% | -0.43% | |
| Q4 | $0.63 | -0.70% | $67.40 | 1 | yes | yes | -2.00% | +4.84% | |
| Q3 | $0.59 | -1.32% | $78.84 | 1 | yes | yes | -3.50% | -1.05% | |
| Q2 | $0.59 | -0.63% | $76.58 | 1 | yes | yes | -5.22% | +1.01% | |
| Q1 | $0.59 | 0.21% | $66.77 | 1 | yes | yes | -1.99% | +4.25% | |
| Q4 | $0.59 | -0.83% | $66.12 | 5 | yes | yes | -3.61% | +2.46% | |
| Q3 | $0.56 | -1.33% | $72.39 | 1 | yes | yes | -3.26% | -1.36% | |
| Q2 | $0.56 | -0.77% | $67.61 | 13 | no | yes | -4.29% | -1.49% |
Q1
- Dividend
- $0.70
- Gap %
- 0.03%
- Pre-ex close
- $74.05
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.36%
- P&L 5d %
- +0.50%
Q4
- Dividend
- $0.68
- Gap %
- -0.89%
- Pre-ex close
- $69.94
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.12%
- P&L 5d %
- +2.63%
Q3
- Dividend
- $0.68
- Gap %
- -1.10%
- Pre-ex close
- $61.62
- High touch (td)
- 3
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.44%
- P&L 5d %
- -1.13%
Q2
- Dividend
- $0.68
- Gap %
- -1.18%
- Pre-ex close
- $58.67
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.85%
- P&L 5d %
- +0.11%
Q1
- Dividend
- $0.68
- Gap %
- -1.37%
- Pre-ex close
- $59.65
- High touch (td)
- 4
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.94%
- P&L 5d %
- +1.13%
Q4
- Dividend
- $0.65
- Gap %
- -1.13%
- Pre-ex close
- $62.74
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.42%
- P&L 5d %
- +4.10%
Q3
- Dividend
- $0.65
- Gap %
- -1.28%
- Pre-ex close
- $57.80
- High touch (td)
- 3
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.40%
- P&L 5d %
- +2.60%
Q2
- Dividend
- $0.65
- Gap %
- -1.09%
- Pre-ex close
- $56.87
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.84%
- P&L 5d %
- -2.53%
Q1
- Dividend
- $0.65
- Gap %
- -0.60%
- Pre-ex close
- $51.42
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -0.78%
- P&L 5d %
- +3.01%
Q4
- Dividend
- $0.63
- Gap %
- -0.65%
- Pre-ex close
- $52.30
- High touch (td)
- 11
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -3.92%
- P&L 5d %
- -0.79%
Q3
- Dividend
- $0.63
- Gap %
- -0.87%
- Pre-ex close
- $56.40
- High touch (td)
- >30
- Recovered 5d
- no
- Recovered 30d
- no
- Drawdown
- -4.47%
- P&L 5d %
- -0.82%
Q2
- Dividend
- $0.63
- Gap %
- -0.86%
- Pre-ex close
- $64.02
- High touch (td)
- 15
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -6.39%
- P&L 5d %
- -2.30%
Q1
- Dividend
- $0.63
- Gap %
- -1.01%
- Pre-ex close
- $64.15
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.34%
- P&L 5d %
- -0.43%
Q4
- Dividend
- $0.63
- Gap %
- -0.70%
- Pre-ex close
- $67.40
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.00%
- P&L 5d %
- +4.84%
Q3
- Dividend
- $0.59
- Gap %
- -1.32%
- Pre-ex close
- $78.84
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.50%
- P&L 5d %
- -1.05%
Q2
- Dividend
- $0.59
- Gap %
- -0.63%
- Pre-ex close
- $76.58
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -5.22%
- P&L 5d %
- +1.01%
Q1
- Dividend
- $0.59
- Gap %
- 0.21%
- Pre-ex close
- $66.77
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.99%
- P&L 5d %
- +4.25%
Q4
- Dividend
- $0.59
- Gap %
- -0.83%
- Pre-ex close
- $66.12
- High touch (td)
- 5
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.61%
- P&L 5d %
- +2.46%
Q3
- Dividend
- $0.56
- Gap %
- -1.33%
- Pre-ex close
- $72.39
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.26%
- P&L 5d %
- -1.36%
Q2
- Dividend
- $0.56
- Gap %
- -0.77%
- Pre-ex close
- $67.61
- High touch (td)
- 13
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -4.29%
- P&L 5d %
- -1.49%
BKH Pre-Ex Touch Time Distribution
- ≤ 1 day1155%
- 2–3 days315%
- 4–5 days210%
- 6–10 days00%
- 11–30 days315%
- 30+15%
55% within 1d · 80% within 5d · 95% within 30d
BKH Dividend Capture Calculator — After-Tax Yield
Pre-filled with BKH's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
Holding shorter than the IRS 61-day rule disqualifies the dividend from “qualified” status — it is taxed as ordinary income at your marginal rate. Adjust Tax % accordingly.
- Gross dividend
- $140.00
- After-tax dividend
- $91.00
- Slippage round-trip
- -$14.81
- Net if price returns to pre-ex
- +$76.19
- Required recovery to break even
- 0.00%
- Per-event after-tax yield
- +0.51%
- Annual if all succeed
- ~25.9%
BKH Dividend Capture Backtest Simulator
Replay every historical BKH ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close (limit-order P&L on first intraday touch), or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan and see realized P&L per event.
Sell back at the pre-ex close on the first intraday touch within the window. If it never touches, exit at MOC after the window expires (stop-loss).
Figures are gross — before tax, commissions, and slippage. Percents are per-event return on capital at entry (pre-ex close).
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover dots for exact values.
Per-event P&L distribution
20 trades in this sample · bar height ∝ count in each bucket (gross % per event).
Scenario P&L by event · BKH (20)
Scenario P&L — updates with exit mode, window, and quarter. History adds gap, touch, drawdown, and a fixed P&L 5d % (MOC). Same per-row % as that column only for MOC + 5d on the same rows. Oldest → newest, gross pre-ex close basis.
| Ex-date | P&L |
|---|---|
| -1.49% | |
| +0.78% | |
| +0.90% | |
| +0.89% | |
| +0.78% | |
| +0.75% | |
| +0.93% | |
| +0.97% | |
| -2.30% | |
| -0.82% | |
| -0.79% | |
| +1.26% | |
| +1.14% | |
| +1.12% | |
| +1.04% | |
| +1.13% | |
| +1.15% | |
| +1.10% | |
| +0.97% | |
| +0.95% |
Looking for full price seasonality? See BKH seasonality →
Frequently asked questions
What is the dividend capture success rate for BKH?
Across the last 20 ex-dividend events for Black Hills (BKH), the post-ex intraday high reached the pre-ex close within 30 trading days in 95% of cases, with a median time-to-touch of 1 trading day. We measure recovery via intraday high because that is when a GTC limit-order at the pre-ex close would actually fill, ending the trade at break-even with the dividend pocketed.
How long does it take BKH to recover its dividend gap?
Historically, BKH touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 15 trading days within our 30-day measurement window. A stricter close-based recovery (mark-to-MOC) is also computed in the database; explore it with the per-ticker simulator’s “Hold N days, exit MOC” mode rather than in the event table.
Is the dividend on BKH large enough to capture?
BKH has a signal-to-noise ratio of 0.46 (dividend / 14-day ATR). Values above 1.0 indicate the dividend is larger than the typical daily price swing, making capture trades more viable; below 0.5 means typical daily noise can easily wipe out the gain.
When is the next ex-dividend date for BKH?
The next ex-dividend date for Black Hills (BKH) is May 15, 2026, confirmed (declared by the company).
How does BKH compare to its sector for dividend capture?
Within Utilities, the median 30-day pre-ex touch rate is 95%. BKH sits at 95% — at or below the sector benchmark.
Why does BKH dividend capture measure recovery via intraday high, not close?
A realistic capture trade exits via a GTC limit-order at the pre-ex close: the moment the post-ex intraday high touches that level, the order fills and the trader pockets the dividend at break-even. Measuring recovery via close is stricter (mark-to-MOC); we expose that path in the per-ticker simulator as the "Hold N days, exit MOC" mode. The high-based primary metric directly answers the trader-facing question "would my limit have filled?" — close-based answers "would I have been flat at the bell?".
How are dividend capture trades taxed in the US?
Holding period matters. Dividends are "qualified" (taxed at the long-term capital gains rate, 0/15/20%) only when the underlying shares are held for more than 60 days during the 121-day window centered on the ex-dividend date. Dividend capture trades typically hold less than 61 days, so the dividend is taxed at your ordinary income bracket. Always consult a qualified tax advisor.
What are the main risks of a dividend capture strategy?
Three structural risks: (1) the share price may not recover the gap within your holding window; (2) ordinary-income tax can consume the after-tax yield; (3) transaction costs and bid/ask slippage can wipe out small dividends. Historical statistics measure base rates; they do not guarantee any single trade will work.