Trailing Dividend / Share
$2.70
Black Hills Corporation (BKH) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.7%
Payout Ratio
67.9%
Watch
Dividend Streak
41 years
BKH Dividend Income Check
Safety
67.9% payout ratio with watch safety profile.
Consistency
41 straight years of dividend increases.
Income Trend
Yield on cost is 4.5% and trend is rising.
BKH Dividend Scorecard
Yield & Income
Dividend Yield3.7%
Trailing DPS$2.70
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout67.9%
Earnings SafetyWatch
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score7/9
Growth
Growth Streak41 years
3Y CAGR3.9%
5Y CAGR4.5%
Yield on Cost (5Y)4.5%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield3.7%
1Y Total Return34.9%
5Y Total Return26.5%
Div Contribution (5Y)18.9%
Estimated $10K growth (return + dividends):
5Y ago$12,65410Y ago$15,31320Y ago$33,545
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
BKH Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
BKH Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Black Hills Corporation distributes 67.9% of earnings as dividends (Watch).
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
BKH has raised its dividend for 41 consecutive years, with a 3-year CAGR of 3.9% and 5-year CAGR of 4.5%.
Total Shareholder Returns
Beyond cash dividends, BKH returns capital through share repurchases. The combined picture: 3.7% dividend yield, 3.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.5% and is currently rising. The 5-year total return is 26.5%, with dividends contributing 18.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $15,313 today.
BKH Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$12.78
Avg/Payment$0.6390
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 15, 2026Latest | $0.7030 | — | 3.79% | Jun 1, 2026 |
| Feb 17, 2026 | $0.7030 | ↑ +4.0% | 3.71% | Mar 1, 2026 |
| Nov 17, 2025 | $0.6760 | — | 3.89% | Dec 1, 2025 |
| Aug 18, 2025 | $0.6760 | — | 4.44% | Sep 2, 2025 |
| May 16, 2025 | $0.6760 | — | 4.53% | Jun 1, 2025 |
| Feb 18, 2025 | $0.6760 | ↑ +4.0% | 4.44% | Mar 1, 2025 |
| Nov 18, 2024 | $0.6500 | — | 4.13% | Dec 1, 2024 |
| Aug 19, 2024 | $0.6500 | — | 4.48% | Sep 1, 2024 |
BKH Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
3.7%
#4 of 9
Safety
Watch
67.9% payout
Streak
41Y
4.5% 5Y CAGR
Total Shareholder
3.7%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| BKHBlack Hills Corporat… | $5.5B | 3.7% | 67.9% | 41 | Watch |
3rd  NWENorthwestern Energy … | $4.3B | 3.8% | 89.1% | 18 | At Risk |
1st  AVAAvista Corporation | $3.3B | 4.9% | 82.4% | 23 | Watch |
 OTTROtter Tail Corporati… | $3.7B | 2.4% | 31.9% | 12 | Sustainable |
2nd  PORPortland General Ele… | $5.8B | 4.0% | 73.5% | 20 | Watch |
 MGEEMGE Energy, Inc. | $2.8B | 2.4% | 49.7% | 39 | Sustainable |
 WECWEC Energy Group, In… | $36.5B | 3.1% | 73.7% | 22 | Watch |
 EVRGEvergy, Inc. | $19.0B | 3.2% | 71.7% | 22 | Watch |
 ATOAtmos Energy Corpora… | $28.4B | 2.0% | 46.2% | 38 | Sustainable |
BKH Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.41 | — | 2 | — | — | — | 2.3% |
| 2025 | $2.70 | 4.0% | 4 | $3.98 | 67.9% | 1.47x | 4.5% |
| 2024 | $2.60 | 4.0% | 4 | $3.91 | 66.5% | 1.50x | 4.3% |
| 2023 | $2.50 | 3.7% | 4 | $3.91 | 63.9% | 1.56x | 4.2% |
| 2022 | $2.41 | 5.2% | 4 | $3.97 | 60.7% | 1.65x | 4.0% |
| 2021 | $2.29 | 5.5% | 4 | $3.74 | 61.2% | 1.63x | 3.8% |
| 2020 | $2.17 | 5.9% | 4 | $3.65 | 59.5% | 1.68x | 3.6% |
| 2019 | $2.05 | 6.2% | 4 | $3.28 | 62.5% | 1.60x | 3.4% |
| 2018 | $1.93 | 6.6% | 4 | $4.66 | 41.4% | 2.41x | 3.2% |
| 2017 | $1.81 | 7.7% | 4 | $3.34 | 54.2% | 1.85x | 3.0% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
41+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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BKH — Frequently Asked Questions
Quick answers to the most common questions about buying BKH stock.
How much dividend does BKH pay per share?
Black Hills Corporation (BKH) pays a trailing 12-month dividend of $2.70 per share, with a current dividend yield of +3.7%. Payments are made Semi-Annual.
When is BKH's next ex-dividend date?
BKH's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. BKH typically pays dividends Semi-Annual.
Is BKH's dividend safe?
BKH's dividend safety is rated "Watch" based on an earnings payout ratio of +67.9% and FCF payout ratio of N/A. With 41 consecutive years of dividend growth, the track record supports sustainability.
Is BKH a Dividend Aristocrat?
Yes, Black Hills Corporation is classified as a Dividend Aristocrat with 41 consecutive years of dividend increases. The 5-year dividend CAGR is +4.5%, demonstrating modest dividend growth.
How often does BKH pay dividends?
Black Hills Corporation pays dividends Semi-Annual. The trailing 12-month total is $2.70 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in BKH grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in BKH five years ago would be worth approximately $12,654 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is BKH's yield on cost for long-term holders?
BKH's yield on cost — the current dividend divided by the original purchase price — is +4.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.7% market yield, thanks to consistent dividend growth.