Dividend Kings List by Yield: Top 10 Stocks

9. Black Hills Corporation (NYSE:BKH)

Dividend Yield as of November 11: 3.70%

Black Hills Corporation (NYSE:BKH) is an American diversified energy company that offers electric and gas utility services to its consumers. In September, BofA added the stock to its ‘Endeavor List’ which mainly includes around 35 small-cap companies that the firm view as “most compelling using a multi-disciplinary process”.

In the third quarter of 2022, Black Hills Corporation (NYSE:BKH) reported revenue of $462.6 million, which showed a 21.5% growth from the same period last year. The company’s operating cash flow for the quarter came in at $52.2 million and its operating income stood at roughly $80 million.

Black Hills Corporation (NYSE:BKH), one of the best dividend stocks on our list, has been making consecutive dividend payments to shareholders for the past 80 years. Moreover, it holds a 52-year streak of dividend growth, which is the second-longest track record in the utility sector. The company currently pays a quarterly dividend of $0.625 per share and has a dividend yield of 3.70%, as of November 11.

As of the close of Q2 2022, 19 hedge funds in Insider Monkey’s database owned stakes in Black Hills Corporation (NYSE:BKH), up from 16 in the previous quarter. These stakes hold a collective value of over $111.3 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q2.