5 Cheap Dividend Kings with Over 2% Yield

In this article, we will be taking a look at 5 cheap dividend kings with over 2% yield. To read our detailed analysis of dividend investing, you can go directly to see the 10 Cheap Dividend Kings with Over 2% Yield.

5. Black Hills Corporation (NYSE: BKH)

Number of Hedge Fund Holders: 14
Dividend Yield: 3.16%
Number of Years of Consistent Dividend Increases: 49

Share Price as of August 24: $71.58

Black Hills Corporation (NYSE: BKH) is an electric and natural gas utility company operating in the US. It ranks 5th on our list of cheap dividend kings with over 2% yield. The company works through its Electric Utilities, Gas Utilities, Power Generation, and Mining segments.

Sarah Akers, an analyst at Wells Fargo, holds an Overweight rating on shares of Black Hills Corporation (NYSE: BKH) alongside a raised price target of $75, compared to the previous $70 price target, as of this April.

In the second quarter of 2021, Black Hills Corporation (NYSE: BKH) had an EPS of $0.40, beating estimates by $0.02. The company’s revenue was $372.60 million, up 13.98% year over year but missing estimates by $2.94 million. Black Hills Corporation (NYSE: BKH) has gained 16.76% in the past 6 months and 18.22% year to date.

By the end of the second quarter of 2021, 14 hedge funds out of the 873 tracked by Insider Monkey held stakes in Black Hills Corporation (NYSE: BKH) worth roughly $63 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $90 million.