Black Hills Corp. Announces Increased Quarterly Dividend

RAPID CITY, S.D., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) has revealed that its board of directors has approved a new quarterly dividend of $0.676 per share. This marks an increase of $0.026 per share compared to the dividend announced last quarter.

Shareholders who are on record by the close of business on Feb. 18, 2025, will be eligible to receive the new dividend, which is scheduled to be paid out on March 1, 2025.

"This dividend increase showcases our confidence in the abilities of our team, as well as in our strategic plans and potential for long-term growth," stated Linn Evans, the president and CEO of Black Hills Corp.

The newly set annualized dividend rate signifies an impressive milestone, representing 55 consecutive years of annual increases, making it one of the longest-standing records in the electric and natural gas utility sector.

Additionally, this dividend announcement underscores Black Hills Corp.'s commitment to its shareholders, with the company now holding a record of 83 consecutive years of paying annual dividends, which dates back to February 1942 with the incorporation of its predecessor, Black Hills Power & Light Company.

About Black Hills Corporation

Black Hills Corp. (NYSE: BKH) is a utility company that prioritizes customer satisfaction and focuses on growth opportunities. Based in Rapid City, South Dakota, the company serves approximately 1.34 million utility customers in eight states, including Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. They aspire to be the preferred energy partner in their regions. More information is available on their website.

Investor Relations Contact

For more information, investors can reach out to Sal Diaz at [email protected].

Media Relations

The company can also be contacted through their 24-Hour Media Relations Line at 888-242-3969.

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