Black Hills Corporation Announces Quarterly Dividend Increase

Shareholders to receive higher payout starting March 1st

Published on Feb. 15, 2026

Got story updates? Submit your updates here. ›

Black Hills Corporation, a diversified energy company based in Rapid City, South Dakota, announced a quarterly dividend increase on Friday, January 23rd. Shareholders of record on Tuesday, February 17th will receive a dividend of $0.703 per share, a 4.0% increase from the previous $0.68 quarterly dividend.

Why it matters

The dividend increase reflects Black Hills' strong financial performance and commitment to returning value to shareholders. As a regulated utility provider serving customers across several states, the company's consistent dividend growth is an important indicator of its operational stability and ability to generate reliable cash flows.

The details

Black Hills has raised its dividend payment by an average of 0.0% per year over the last three years and has increased its dividend annually for the last 55 consecutive years. The company's dividend payout ratio of 65.2% indicates its dividend is sufficiently covered by earnings, and analysts expect Black Hills to earn $4.36 per share next year, allowing it to continue funding the $2.81 annual dividend with an expected future payout ratio of 64.4%.

  • Black Hills announced the quarterly dividend increase on Friday, January 23rd.
  • The ex-dividend date is Tuesday, February 17th.
  • Shareholders of record on Tuesday, February 17th will be paid the $0.703 dividend on Sunday, March 1st.

The players

Black Hills Corporation

A diversified energy company based in Rapid City, South Dakota that provides electricity and natural gas distribution services to residential, commercial and industrial customers across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

Got photos? Submit your photos here. ›

What’s next

Investors who own Black Hills stock as of the February 17th record date will be eligible to receive the increased quarterly dividend payment on March 1st.

The takeaway

Black Hills' consistent dividend growth over the past 55 years demonstrates the company's financial strength and commitment to rewarding shareholders, even as it continues to invest in its regulated utility operations and renewable energy assets to serve its expanding customer base across the Mountain West region.