Black Hills Corp. Announces Quarterly Dividend of $0.38 (BKH)
Black Hills Corp. (NYSE:BKH) announced a quarterly dividend on Tuesday, October 29th, ARN reports. Investors of record on Friday, November 15th will be paid a dividend of $0.38 per share on Sunday, December 1st. This represents a $1.52 annualized dividend and a dividend yield of 2.92%.
BKH has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Black Hills Corp. from $56.00 to $53.00 in a research note to investors on Monday, October 7th. They now have a “sector perform” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Black Hills Corp. from $56.00 to $52.00 in a research note to investors on Friday, October 4th. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Black Hills Corp. presently has an average rating of “Hold” and an average price target of $50.04.
Black Hills Corp. (NYSE:BKH) traded up 0.19% during mid-day trading on Tuesday, hitting $52.09. The stock had a trading volume of 150,187 shares. Black Hills Corp. has a one year low of $33.40 and a one year high of $55.09. The stock has a 50-day moving average of $50.53 and a 200-day moving average of $47.81. The company has a market cap of $2.319 billion and a P/E ratio of 16.55.
Black Hills Corp. (NYSE:BKH) last released its earnings data on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.01. The company had revenue of $279.80 million for the quarter, compared to the consensus estimate of $285.94 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Black Hills Corp. will post $2.34 earnings per share for the current fiscal year.
Black Hills Corporation is a diversified energy company. The Company operates with two major business groups: Utilities and Non-regulated Energy.
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