DriversRecommendedOutdated drivers can make a good PC feel brokenScan driver issues before chasing fixes manually.Scan NowOctober DealsAmazon USOctober deal check: compare before you payAmazon US: current deals, useful picks and tech finds.Check DealsWindows FixRecommendedWindows errors stealing your time? Find the fix fastScan stability, cleanup and performance issues.Fix Now×
Skip to content
BKH stock

Black Hills Corporation: Is BKH’s Dividend Streak Enough to Buy Now?

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Black Hills Corporation (NYSE: BKH) has an exceptional dividend record, but that alone does not establish that the stock is a buy at today’s price. The latest dividend terms located for this article are $0.703 per share quarterly, or $2.812 annualized, while the company’s 2025 payout ratio was 68%—above its stated 55%–65% target. Without a current share price, valuation, and confirmed merger status, a price-sensitive “buy now” verdict is not supported.

What Black Hills Corporation does

Black Hills Corporation is a regulated electric and natural-gas utility headquartered in Rapid City, South Dakota. It serves customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. In January 2026, the company described its customer base as approximately 1.35 million; its investor-relations landing page later showed 1.37 million, so any customer count should be tied to a date. Black Hills Corporation investor relations

As a regulated utility, Black Hills’ results depend on factors including allowed rates, customer and load growth, capital investment, financing costs, weather, and regulatory decisions. That profile can offer relatively predictable demand, but does not remove operating, financing, or regulatory risk. The company’s annual filing details its business and risk factors in its SEC filings.

How strong is Black Hills’ dividend record?

Black Hills announced its 56th consecutive annual dividend increase in January 2026. Separately, it said its predecessor had paid annual dividends for 84 consecutive years, dating back to February 1942. The first figure counts years in which the dividend rose; the second counts years in which a dividend was paid. They describe different histories, not competing versions of the same streak. The company’s 2025 Form 10-K records 55 consecutive annual increases through 2025; the January 2026 increase brought the streak to 56. January 23, 2026 dividend announcement

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
#1 Best Overall
Elebase USB to USB C Adapter for iPhone 18 Pro Max,USBC Car Charger Adapter
  • Read Before You Buy — No Video Output: These adapters support charging and USB 2.0 data transfer, but cannot transmit video signals. Except for standard USB webcams (which use USB data only), they are not compatible with HDMI/DisplayPort cables, video-capable USB-C hubs, or docking stations with video output.
  • Convert USB-A Ports to USB-C: Designed to connect USB-C earphones, cables, flash drives, card readers, and other USB-C accessories to standard USB-A ports. Plug-and-play with no drivers or software required.
  • Aluminum Alloy Housing: Built with a sturdy aluminum alloy shell that aids in heat dissipation and protects against daily wear and scratches. Designed to maintain a stable and secure connection.
  • Compact & Travel-Friendly: The ultra-compact design allows the adapter to stay plugged into your device without blocking adjacent ports or adding bulk, reducing wear and tear on your original USB ports.
  • 12-Month Warranty: Backed by a 12-month manufacturer warranty for peace of mind. Designed to meet strict quality control standards for reliable everyday performance.

The January announcement raised the quarterly dividend by $0.027 to $0.703 per share, equivalent to $2.812 a year if maintained for four quarters. The board declared that payment for March 1, 2026, to shareholders of record February 17. A July 28 declaration, reported in the second-quarter filing, kept the quarterly rate at $0.703 for payment September 1. No later declaration was established here, so $2.812 is the latest annualized rate located, not a guarantee of future payments. Second-quarter 2026 Form 10-Q

What the payout ratio says about coverage

Black Hills states a target dividend payout ratio of 55%–65% of net income. Its 2025 Form 10-K reported these annual figures:

Rank #2
Anker USB-C Hub, 5-in-1 USB Hub for Laptops, 4K HDMI Multiport Adapter
  • 5-in-1 USB-C Hub: Experience comprehensive connectivity featuring a Power Delivery input, two USB-A 2.0 ports, a USB-A 3.0 port, and an HDMI port. (Note: The USB-C power delivery input port is only for connecting an external wall charger to power your laptop and cannot power peripheral devices.)
  • 90W Pass-Through Charging: Achieve optimal charging with 90W pass-through power to your laptop, supported by a total input of 100W, with the hub reserving 10W for operational efficiency. (Note: Wall charger not included.)
  • Quick Data Transfers: Accelerate your productivity with rapid data transfers using a high-speed 5Gbps USB 3.0 port and two 480Mbps USB 2.0 ports.
  • 4K HDMI Display: Enhance your visual experience with a hub capable of delivering 4K resolution at 30Hz in both mirror and extend modes. Please note that this hub is compatible with MacBook (macOS 12 and newer), Windows 10 and 11, ChromeOS, and laptops equipped with DP Alt Mode and Power Delivery. Note: This device is not compatible with Linux.
  • What You Get: Anker USB-C Hub (5-in-1, 4K HDMI), welcome guide, 18-month warranty, and our friendly customer service.
Year Payout ratio Dividends paid Dividend per share
2023 64% $168.1 million $2.50
2024 66% $182.3 million $2.60
2025 68% $197.9 million $2.70

The 2025 payout ratio was three percentage points above the top of the company’s target range. The $2.70 per-share figure is what was paid for 2025; it should not be confused with the $2.812 annualized rate following the 2026 increase. A long record of increases is evidence of past policy, not proof that future payments are risk-free.

Black Hills reported 2025 diluted GAAP earnings per share of $3.98 and adjusted earnings per share of $4.10. Adjusted EPS is a non-GAAP measure. For 2026, management initiated adjusted EPS guidance of $4.25–$4.45 and reaffirmed that range in its August 5 release. The outlook assumes, among other things, normal weather and constructive, timely regulatory outcomes; it is management’s estimate rather than a guarantee. 2025 results release August 5, 2026 second-quarter results release

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
Rank #3
Sale
Anker USB C Hub, 7in1 Multi-Port USB Adapter, 4K@60Hz USBC to HDMI Splitter
  • Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
  • Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
  • Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
  • Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
  • What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.

How secure is the dividend?

The history and payout ratio are useful starting points, but neither settles dividend safety. Black Hills says future dividends remain at the board’s discretion and depend on operating results, financial position, cash flows, reinvestment opportunities, and other considerations. Its second-quarter filing also identifies funds from operations, capital expenditures, revolving-credit-facility restrictions, and business prospects. Statutory requirements, subsidiary-level regulatory limits, and bond covenants can also affect distributions.

  • What helps: Regulated utility operations and a long history of annual increases provide context for the company’s dividend policy.
  • What warrants attention: The latest full-year payout ratio located, 68% for 2025, exceeded the company’s 55%–65% target. Utility investment needs and financing costs can compete with dividend growth for cash.
  • What to monitor: Earnings and cash generation, capital spending, regulatory outcomes, debt and financing conditions, and subsequent board declarations.

Growth plans: opportunities, not yet-earned returns

Black Hills has pointed to regulated-system investment, rate reviews, transmission expansion, generation projects, and large-load demand as potential sources of growth. The figures below are company-reported plans or developments, not proof that the associated earnings have already materialized.

Rank #4
Sale
UGREEN USB to USB C Adapter Combo 4-Pack, 10Gbps USB C Converter Space Gray
  • Dual Converters, Infinite Potential:Includes 2× USB C male to USB A female adapters and 2× USB A male to USB C female adapters. Perfect for a wide range of uses—tablets with Bluetooth keyboards, expand USB ports on macbook, and more. Two different converters for all your daily needs
  • Next-Level 10Gbps & 3A Charging: No more slow 480Mbps, this usb to usb c adapter has a transfer speed of up to 10Gbps, allowing you to do more transferring in less time. This usb adapter fits both USB A and USB C charger, supporting up to 3A fast charging
  • Upgraded Exquisite Craftsmanship: With an aluminum alloy housing and metal connector, the usbc to usb adapter is extremely durable and sturdy. Rigorously tested to withstand more than 10,000 times of plugging and unplugging, ensuring long-lasting performance
  • Broad Compatible: The usb c to usb adapter widely supports all USB C/ USB A devices like laptops, tablets, cellphones, car chargers, and phone chargers. Such as compatible with MacBook Pro/Air 2023/2022, Thunderbolt 4/3 Devices,Apple MagSafe Watch 9/8/7/SE/Ultra, iPad Pro 2022/2021, Samsung Galaxy S23/S20/S10, and iPhone 17/16/15 Pro. Plug and play
  • Please Note: To reach 10Gbps speed, keep the cable under 3.3 ft. For USB A Male to USB C adapters, try flipping the USB C connector. USB C Male to USB A adapters support bidirectional 10Gbps transfer within 3.3 ft
  • Data-center demand: The February 2026 results release described a pipeline of data-center load requests exceeding 3 GW, with 600 MW included in the five-year plan. In August, the company reported progress toward definitive agreements for a prospective 1.8 GW Wyoming data-center project. The release did not establish that the prospective project was contracted, built, or producing earnings.
  • Rates and system work: The company said it completed three rate reviews during 2025 representing more than $52 million in new annual revenue. Rate outcomes and their timing remain subject to regulatory processes.
  • Infrastructure and demand: The 2025 results release cited four new Wyoming Electric peak-load records, a 260-mile transmission expansion, and the Lange II 99 MW generation project. These dated milestones and plans do not eliminate construction, customer, regulatory, or financing risks.

Black Hills 2025 results release Black Hills August 2026 second-quarter results release

Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

Merger status is a time-sensitive risk

Black Hills and NorthWestern Energy announced an all-stock merger and sought approvals in multiple jurisdictions. Black Hills’ August 5, 2026 release said the transaction was on track but still pending Montana approval, described as the final closing condition at that time. That is the latest status located for this article, not confirmation of the deal’s status on October 3, 2026. The timing and outcome remain subject to regulatory approval and transaction execution; a merger should not be treated as completed value until it closes.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
Best Value
Anker USB C Hub, 5-in-1 USBC to HDMI Splitter with 4K Display
  • 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
  • Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
  • Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
  • HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
  • What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.

August 5, 2026 merger update

Can you call BKH a buy now?

The dividend record and operating plans may interest income-oriented investors, but a sound “buy now” judgment also requires the share price and valuation on the date of the decision. Those data were not established here. The current yield cannot be stated without a dated share price: divide the latest confirmed annual dividend rate by the share price on the same date. A useful comparison with other utility shares would also use same-date yields and valuation, payout and cash-flow coverage, capital spending and financing needs, regulatory exposure, dividend-growth history, and material merger or large-customer risks. No peer figures are established here, so there is no supported ranking.

Before acting, check a current quote, compare BKH’s valuation with its own history and utility peers using the same date, and confirm the latest dividend declaration and merger disclosures. The dividend streak is a notable record; it is not a substitute for those checks.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Read next

Recommended PC Tool
Recommended PC Tool
Windows Errors? Fix Them Before They SpreadFree repair scan
Crashes, No Sound, or Screen Glitches?Free driver scan

Two free Windows tools

One Free Minute Could Fix That PC

Before you go - each of these free tools takes about a minute and tackles what quietly slows a Windows PC down.

Special offer. View Outbyte info, uninstall instructions, EULA, and Privacy Policy.