Black Hills Corporation (BKH): A Long-Term Performer Among Safe Dividend Stocks

Black Hills Corporation (NYSE:BKH) is included among the 10 Best and Safe Dividend Stocks to Buy Now.

A line of wind turbines against a clear sky, reflecting the companies clean energy efforts.

The company stands out as one of the few utility companies to earn Dividend King status, even though it’s relatively small, with a market cap of about $4.1 billion.

Black Hills Corporation (NYSE:BKH) has been expanding its customer base at a pace nearly three times faster than the U.S. population growth, a promising sign that may help it continue gaining regulatory approval for its investment strategies and rate plans. This growth trend supports the company’s long-term objective of achieving 4% to 6% annual earnings growth, with dividend increases expected to follow a similar path.

On July 23, Black Hills Corporation (NYSE:BKH) declared a quarterly dividend of $0.676 per share, which was in line with its previous dividend. Overall, the company has been rewarding shareholders with growing dividends for the past 55 years. The stock has an attractive dividend yield of 4.77%, as of July 27.

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Disclosure: None.