Black Hills Corporation (NYSE:BKH) is included among the 12 Best Dividend Stocks with Yields Above 4%.
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Black Hills Corporation supplies electricity and natural gas to about 1.34 million customers across eight states. The company’s future growth will be supported by regular rate reviews that influence revenue and profitability, as well as continued expansion of its utility infrastructure.
Currently, Black Hills Corporation has a $4.7 billion investment pipeline planned from 2025 to 2029, which includes new electric transmission lines and natural gas pipelines. After exiting the oil business in 2018, the company is now more focused on its core utility operations, making it less vulnerable to fluctuations in commodity prices.
Thanks to its stable business model and strong competitive position, Black Hills Corporation maintains a solid record of dividend safety. The company targets a payout ratio between 50% and 60% of its net income, supporting sustainable dividend growth. BKH is one of the best dividend stocks as the company has been rewarding shareholders with growing dividends for the past 55 years. The company’s quarterly dividend comes in at $0.676 per share and has a dividend yield of 4.48%, as of October 12.
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