5 Best Dividend Stocks For Steady Growth

In this article, we discuss the 5 best dividend stocks for steady growth. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Dividend Stocks For Steady Growth.

5. Black Hills Corporation (NYSE:BKH)

Number of Hedge Fund Holders: 14  

Consecutive Years of Dividend Growth: 51    

Forward Dividend Yield: 3.50%   

Mizuho analyst Paul Fremont recently raised the price target on Black Hills Corporation (NYSE:BKH) stock to $67 from $60 and reiterated a Neutral rating, noting that “constructive outcomes” were expected from the general rates cases the firm was involved in. In late August, the company had priced a $600 million debt offering to repay outstanding loans and fund general corporate purposes. 

Black Hills Corporation (NYSE:BKH) had earlier beat market expectations on earnings per share by $0.01 in the second quarter results, reporting $372 million in revenue over the period, up more than 14% year-on-year. 

At the end of the second quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth $62 million in Black Hills Corporation (NYSE:BKH), down from 18 the preceding quarter worth $89 million.