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Black Hills (BKH) Dividend History & Yield

Black Hills (BKH) has increased its dividend for 41 consecutive years and currently yields 3.91%. The most recent payment was $0.7030/share on Feb 17, 2026, paid Quarterly.

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Black Hills

BKH

Current Yield

3.91%

TTM Dividend/Share

$2.73

Payment Frequency

Quarterly

Payout Ratio

68.6%

Consecutive Growth Years

41

Div Growth (1Y CAGR)

4.00%

Div Growth (5Y CAGR)

4.50%

Div Growth (10Y CAGR)

5.26%

Dividend Safety Score

4 out of 5 checks passed

Payout ratio below 75%

Payout ratio is 68.6%, well below the 75% threshold.

Free cash flow covers dividend

FCF/share ($-2.01) does not fully cover dividend/share ($2.73).

No dividend cuts in 10+ years

No dividend cuts in the last 10 years.

Positive earnings growth trend

Earnings per share have grown over the past 5 years.

10+ years of consecutive growth

41 consecutive years of dividend growth.

Dividend Payment History

  • Ex-date Feb 17, 2026

    Payment date
    Mar 1, 2026
    Dividend
    $0.7030
    Adj. dividend
    $0.7030

  • Ex-date Nov 17, 2025

    Payment date
    Dec 1, 2025
    Dividend
    $0.6760
    Adj. dividend
    $0.6760

  • Ex-date Aug 18, 2025

    Payment date
    Sep 2, 2025
    Dividend
    $0.6760
    Adj. dividend
    $0.6760

  • Ex-date May 16, 2025

    Payment date
    Jun 1, 2025
    Dividend
    $0.6760
    Adj. dividend
    $0.6760

  • Ex-date Feb 18, 2025

    Payment date
    Mar 1, 2025
    Dividend
    $0.6760
    Adj. dividend
    $0.6760

  • Ex-date Nov 18, 2024

    Payment date
    Dec 1, 2024
    Dividend
    $0.6500
    Adj. dividend
    $0.6500

  • Ex-date Aug 19, 2024

    Payment date
    Sep 1, 2024
    Dividend
    $0.6500
    Adj. dividend
    $0.6500

  • Ex-date May 16, 2024

    Payment date
    Jun 1, 2024
    Dividend
    $0.6500
    Adj. dividend
    $0.6500

  • Ex-date Feb 15, 2024

    Payment date
    Mar 1, 2024
    Dividend
    $0.6500
    Adj. dividend
    $0.6500

  • Ex-date Nov 16, 2023

    Payment date
    Dec 1, 2023
    Dividend
    $0.6250
    Adj. dividend
    $0.6250

  • Ex-date Aug 17, 2023

    Payment date
    Sep 1, 2023
    Dividend
    $0.6250
    Adj. dividend
    $0.6250

  • Ex-date May 17, 2023

    Payment date
    Jun 1, 2023
    Dividend
    $0.6250
    Adj. dividend
    $0.6250

Historical Dividend Yield

Mean trailing dividend yield using one ratio snapshot per calendar year in each lookback window (same basis as the yearly bars)—not CAGR.Mean yield1Y: 3.91%5Y: 3.94%10Y: 3.48%

Dividend Growth

CAGR (per year)1Y: 4.00%5Y: 4.50%10Y: 5.26%↓ Decelerating

Dividend Increase Track Record

Black Hills has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 41 consecutive years — the same figure as the "Consecutive Growth Years" card above.

YearPrevious DPSNew DPSChange
2026$2.7040——
2025$2.6000$2.7040+4.0%
2024$2.5000$2.6000+4.0%
2023$2.4100$2.5000+3.7%
2022$2.2900$2.4100+5.2%
2021$2.1700$2.2900+5.5%
2020$2.0500$2.1700+5.9%
2019$1.9300$2.0500+6.2%
2018$1.8100$1.9300+6.6%
2017$1.6800$1.8100+7.7%
2016$1.6200$1.6800+3.7%
2015$1.5600$1.6200+3.8%
2014$1.5200$1.5600+2.6%
2013$1.4800$1.5200+2.7%
2012$1.4600$1.4800+1.4%
2011$1.4400$1.4600+1.4%
2010$1.4200$1.4400+1.4%
2009$1.4000$1.4200+1.4%
2008$1.3700$1.4000+2.2%
2007$1.3200$1.3700+3.8%
2006$1.2800$1.3200+3.1%
2005$1.2400$1.2800+3.2%
2004$1.2000$1.2400+3.3%
2003$1.1600$1.2000+3.4%
2002$1.1200$1.1600+3.6%
2001$1.0800$1.1200+3.7%
2000$1.0400$1.0800+3.8%
1999$1.0000$1.0400+4.0%
1998$0.9467$1.0000+5.6%
1997$0.9200$0.9467+2.9%
1996$0.8933$0.9200+3.0%
1995$0.8800$0.8933+1.5%
1994$0.8533$0.8800+3.1%
1993$0.8267$0.8533+3.2%
1992$0.7822$0.8267+5.7%
1991$0.7289$0.7822+7.3%
1990$0.6756$0.7289+7.9%
1989$0.6222$0.6756+8.6%
1988$0.5511$0.6222+12.9%
1987$0.5067$0.5511+8.8%
1986$0.4270$0.5067+18.7%
1985—$0.4270—

DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.

Frequently asked questions

Does Black Hills pay dividends?

Yes, Black Hills (BKH) pays quarterly dividends of approximately $2.73 per share annually, yielding 3.91%.

What is Black Hills's dividend yield?

Black Hills (BKH) has a current dividend yield of 3.91%.

Is Black Hills's dividend safe?

Black Hills (BKH) passes 4 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.

How many consecutive years has Black Hills increased its dividend?

Black Hills (BKH) has 41 consecutive years of dividend increases.

What is Black Hills's dividend payout ratio?

Black Hills (BKH) has a dividend payout ratio of 68.6%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).

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BKH — Overview

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