5 Best Utilities Stocks to Buy for Dividends

Page 1 of 5

In this article, we discuss the 5 best utilities stocks to buy for dividends. If you want to read about some more utility stocks to buy for dividends, go directly to 10 Best Utilities Stocks to Buy for Dividends

5. Black Hills Corporation (NYSE:BKH)

Number of Hedge Fund Holders: 19   

Forward Dividend Yield: 3.01% 

Black Hills Corporation (NYSE:BKH) is an electric and natural gas utility company. The firm has an impressive dividend history that stretches back five decades. It has grown the dividend payout consistently for the past fifty years. On January 26, the company declared a quarterly dividend of $0.595 per share, in line with previous. In earnings results for the fourth quarter of 2021, the firm beat market estimates on revenue by over $59 million. The firm has over 1 million natural gas utility customers. 

On February 7, Mizuho analyst Paul Fremont upgraded Black Hills Corporation (NYSE:BKH) stock to Buy from Neutral with a price target of $71, citing valuation as one of the primary reasons behind the ratings upgrade. 

At the end of the fourth quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $71 million in Black Hills Corporation (NYSE:BKH), compared to 16 the preceding quarter worth $55 million.

Page 1 of 5