Black Hills Corp (BKH) dividend history

BKHNYSEElectric ServicesFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/308% above fair value

$86.70−0.83 (-0.95%)

Close on Nov 13, 2026Market cap $6.61BP/E 20.8Yield 3.12%

Dividends

Dividend declared per share by fiscal year, adjusted for stock splits

Per share, FY2025

$2.70

+4.0% on the prior year

Consecutive increases

15 years

Every year since FY2010

Dividend yield

3.12%

Latest annual dividend ÷ share price

Payout ratio, FY2025

67.9%

Dividends paid ÷ net income

Dividend payments

Every dividend Black Hills has paid, newest first. Shares held at the close of the last day with dividend receive it; shares bought on the ex-dividend date or later do not.

Ex-dividend	Last day to buy	Record	Payable	Declared	Per share	Source
Aug 17, 2026	Aug 14, 2026	Aug 17, 2026	Sep 1, 2026	Jul 28, 2026	$0.703	10-Q
May 15, 2026	May 14, 2026	May 15, 2026	Jun 1, 2026	Apr 28, 2026	$0.703	10-Q
Feb 17, 2026	Feb 13, 2026	Feb 17, 2026	Mar 1, 2026	Jan 23, 2026	$0.703	10-Q
Nov 17, 2025	Nov 14, 2025	Nov 17, 2025	Dec 1, 2025	Oct 28, 2025	$0.676	10-K
Aug 18, 2025	Aug 15, 2025	Aug 18, 2025	Sep 2, 2025	Jul 22, 2025	$0.676	10-Q
May 16, 2025	May 15, 2025	May 16, 2025	Jun 1, 2025	Apr 22, 2025	$0.676	10-Q
Feb 18, 2025	Feb 14, 2025	Feb 18, 2025	Mar 1, 2025	Jan 24, 2025	$0.676	10-Q
Nov 18, 2024	Nov 15, 2024	Nov 18, 2024	Dec 1, 2024	Oct 28, 2024	$0.65	10-K
Aug 19, 2024	Aug 16, 2024	Aug 19, 2024	Sep 1, 2024	Jul 22, 2024	$0.65	10-Q
May 16, 2024	May 15, 2024	May 17, 2024	Jun 1, 2024	Apr 22, 2024	$0.65	10-Q
Feb 15, 2024	Feb 14, 2024	Feb 16, 2024	Mar 1, 2024	Jan 26, 2024	$0.65	10-Q
Nov 16, 2023	Nov 15, 2023	Nov 17, 2023	Dec 1, 2023	Oct 23, 2023	$0.625	10-K
Aug 17, 2023	Aug 16, 2023	Aug 18, 2023	Sep 1, 2023	Jul 24, 2023	$0.625	10-Q
May 17, 2023	May 16, 2023	May 18, 2023	Jun 1, 2023	Apr 24, 2023	$0.625	10-Q
Feb 13, 2023	Feb 10, 2023	Feb 14, 2023	Mar 1, 2023	Jan 25, 2023	$0.625	10-Q
Nov 16, 2022	Nov 15, 2022	Nov 17, 2022	Dec 1, 2022	Oct 25, 2022	$0.625	10-K
Aug 17, 2022	Aug 16, 2022	Aug 18, 2022	Sep 1, 2022	Jul 25, 2022	$0.595	10-Q
May 17, 2022	May 16, 2022	May 18, 2022	Jun 1, 2022	Apr 26, 2022	$0.595	10-Q
Feb 11, 2022	Feb 10, 2022	Feb 14, 2022	Mar 1, 2022	Jan 26, 2022	$0.595	10-Q
Nov 16, 2021	Nov 15, 2021	Nov 17, 2021	Dec 1, 2021	Oct 26, 2021	$0.595	10-K
Aug 17, 2021	Aug 16, 2021	Aug 18, 2021	Sep 1, 2021	Jul 26, 2021	$0.565	10-Q
May 17, 2021	May 14, 2021	May 18, 2021	Jun 1, 2021	Apr 26, 2021	$0.565	10-Q
Feb 11, 2021	Feb 10, 2021	Feb 12, 2021	Mar 1, 2021	Jan 27, 2021	$0.565	10-Q
Nov 16, 2020	Nov 13, 2020	Nov 17, 2020	Dec 1, 2020	Oct 27, 2020	$0.565	10-K
Aug 17, 2020	Aug 14, 2020	Aug 18, 2020	Sep 1, 2020	Jul 27, 2020	$0.535	10-Q
May 15, 2020	May 14, 2020	May 18, 2020	Jun 1, 2020	Apr 27, 2020	$0.535	10-Q
Feb 13, 2020	Feb 12, 2020	Feb 14, 2020	Mar 1, 2020	Jan 29, 2020	$0.535	10-Q
Nov 15, 2019	Nov 14, 2019	Nov 18, 2019	Dec 1, 2019	Oct 29, 2019	$0.535	10-K
Aug 16, 2019	Aug 15, 2019	Aug 19, 2019	Sep 1, 2019	Jul 31, 2019	$0.505	10-Q
May 16, 2019	May 15, 2019	May 17, 2019	Jun 1, 2019	Apr 29, 2019	$0.505	Release
Feb 14, 2019	Feb 13, 2019	Feb 15, 2019	Mar 1, 2019	Jan 30, 2019	$0.505	10-Q
Nov 16, 2018	Nov 15, 2018	Nov 19, 2018	Dec 1, 2018	Oct 30, 2018	$0.505	10-K
Aug 17, 2018	Aug 16, 2018	Aug 20, 2018	Sep 1, 2018	Jul 25, 2018	$0.475	10-Q
May 17, 2018	May 16, 2018	May 18, 2018	Jun 1, 2018	Apr 23, 2018	$0.475	10-Q
Feb 14, 2018	Feb 13, 2018	Feb 15, 2018	Mar 1, 2018	Jan 31, 2018	$0.475	Release
Nov 16, 2017	Nov 15, 2017	Nov 17, 2017	Dec 1, 2017	–	$0.475	Release
Aug 16, 2017	Aug 15, 2017	Aug 18, 2017	Sep 1, 2017	Jul 26, 2017	$0.445	10-Q
May 16, 2017	May 15, 2017	May 18, 2017	Jun 1, 2017	Apr 25, 2017	$0.445	10-Q
Feb 13, 2017	Feb 10, 2017	Feb 15, 2017	Mar 1, 2017	Jan 25, 2017	$0.445	10-Q
Nov 15, 2016	Nov 14, 2016	Nov 17, 2016	Dec 1, 2016	Oct 25, 2016	$0.42	10-K
Aug 16, 2016	Aug 15, 2016	Aug 18, 2016	Sep 1, 2016	Jul 29, 2016	$0.42	10-Q
May 16, 2016	May 13, 2016	May 18, 2016	Jun 1, 2016	Apr 25, 2016	$0.42	10-Q
Feb 11, 2016	Feb 10, 2016	Feb 16, 2016	Mar 1, 2016	Jan 27, 2016	$0.42	10-Q
Nov 13, 2015	Nov 12, 2015	Nov 17, 2015	Dec 1, 2015	Oct 27, 2015	$0.405	10-K
Aug 14, 2015	Aug 13, 2015	Aug 18, 2015	Sep 1, 2015	Jul 28, 2015	$0.405	10-Q
May 14, 2015	May 13, 2015	May 18, 2015	Jun 1, 2015	Apr 27, 2015	$0.405	10-Q
Feb 11, 2015	Feb 10, 2015	Feb 13, 2015	Mar 1, 2015	Jan 28, 2015	$0.405	10-Q
Nov 13, 2014	Nov 12, 2014	Nov 17, 2014	Dec 1, 2014	Oct 28, 2014	$0.39	10-K
Aug 13, 2014	Aug 12, 2014	Aug 15, 2014	Sep 1, 2014	Jul 30, 2014	$0.39	10-Q
May 14, 2014	May 13, 2014	May 16, 2014	Jun 1, 2014	Apr 28, 2014	$0.39	Release
Feb 12, 2014	Feb 11, 2014	Feb 14, 2014	Mar 1, 2014	Jan 30, 2014	$0.39	10-Q
Nov 13, 2013	Nov 12, 2013	Nov 15, 2013	Dec 1, 2013	Oct 29, 2013	$0.38	10-K
Aug 14, 2013	Aug 13, 2013	Aug 16, 2013	Sep 1, 2013	Jul 24, 2013	$0.38	10-Q
May 15, 2013	May 14, 2013	May 17, 2013	Jun 1, 2013	Apr 22, 2013	$0.38	10-Q
Feb 13, 2013	Feb 12, 2013	Feb 15, 2013	Mar 1, 2013	Jan 31, 2013	$0.38	Release
Nov 14, 2012	Nov 13, 2012	Nov 16, 2012	Dec 1, 2012	Oct 31, 2012	$0.37	10-K
Aug 15, 2012	Aug 14, 2012	Aug 17, 2012	Sep 1, 2012	–	$0.37	Release
May 16, 2012	May 15, 2012	May 18, 2012	Jun 1, 2012	–	$0.37	Release
Feb 14, 2012	Feb 13, 2012	Feb 16, 2012	Mar 1, 2012	–	$0.37	Release
Nov 15, 2011	Nov 14, 2011	Nov 17, 2011	Dec 1, 2011	–	$0.365	Release
Aug 16, 2011	Aug 15, 2011	Aug 18, 2011	Sep 1, 2011	–	$0.365	Release
May 16, 2011	May 13, 2011	May 18, 2011	Jun 1, 2011	–	$0.365	Release
Feb 11, 2011	Feb 10, 2011	Feb 15, 2011	Mar 1, 2011	–	$0.365	Release
Nov 15, 2010	Nov 12, 2010	Nov 17, 2010	Dec 1, 2010	–	$0.36	Release
Aug 16, 2010	Aug 13, 2010	Aug 18, 2010	Sep 1, 2010	–	$0.36	Release
May 14, 2010	May 13, 2010	May 18, 2010	Jun 1, 2010	–	$0.36	Release
Feb 10, 2010	Feb 9, 2010	Feb 12, 2010	Mar 1, 2010	–	$0.36	Release
Nov 13, 2009	Nov 12, 2009	Nov 17, 2009	Dec 1, 2009	–	$0.355	Release
Aug 14, 2009	Aug 13, 2009	Aug 18, 2009	Sep 1, 2009	–	$0.355	Release
May 14, 2009	May 13, 2009	May 18, 2009	Jun 1, 2009	–	$0.355	Release
Feb 11, 2009	Feb 10, 2009	Feb 13, 2009	Mar 1, 2009	–	$0.355	Release
Nov 12, 2008	Nov 11, 2008	Nov 14, 2008	Dec 1, 2008	–	$0.35	Release
Aug 13, 2008	Aug 12, 2008	Aug 15, 2008	Sep 1, 2008	–	$0.35	Release
May 14, 2008	May 13, 2008	May 16, 2008	Jun 1, 2008	–	$0.35	Release
Feb 13, 2008	Feb 12, 2008	Feb 15, 2008	Mar 1, 2008	–	$0.35	Release
Nov 14, 2007	Nov 13, 2007	Nov 16, 2007	Dec 1, 2007	–	$0.35	Release
Aug 15, 2007	Aug 14, 2007	Aug 17, 2007	Sep 1, 2007	–	$0.34	10-Q
May 16, 2007	May 15, 2007	May 18, 2007	Jun 1, 2007	–	$0.34	Release
Feb 13, 2007	Feb 12, 2007	Feb 15, 2007	Mar 1, 2007	–	$0.34	10-Q
Nov 15, 2006	Nov 14, 2006	Nov 17, 2006	Dec 1, 2006	–	$0.33	Release
Aug 16, 2006	Aug 15, 2006	Aug 18, 2006	Sep 1, 2006	–	$0.33	10-Q
May 16, 2006	May 15, 2006	May 18, 2006	Jun 1, 2006	–	$0.33	10-Q
Feb 13, 2006	Feb 10, 2006	Feb 15, 2006	Mar 1, 2006	–	$0.33	10-Q
Nov 15, 2005	Nov 14, 2005	Nov 17, 2005	Dec 1, 2005	–	$0.32	10-K
Aug 16, 2005	Aug 15, 2005	Aug 18, 2005	Sep 1, 2005	–	$0.32	Release
May 16, 2005	May 13, 2005	May 18, 2005	Jun 1, 2005	–	$0.32	10-Q
Feb 11, 2005	Feb 10, 2005	Feb 15, 2005	Mar 1, 2005	–	$0.32	10-Q
Nov 15, 2004	Nov 12, 2004	Nov 17, 2004	Dec 1, 2004	–	$0.31	10-K
Aug 12, 2004	Aug 11, 2004	Aug 16, 2004	Sep 1, 2004	–	$0.31	10-Q
May 13, 2004	May 12, 2004	May 17, 2004	Jun 1, 2004	–	$0.31	10-Q
Feb 12, 2004	Feb 11, 2004	Feb 17, 2004	Mar 1, 2004	–	$0.31	10-Q
Nov 12, 2003	Nov 11, 2003	–	–	–	$0.30	10-K
Aug 13, 2003	Aug 12, 2003	–	–	–	$0.30	10-Q
May 16, 2003	May 15, 2003	–	–	–	$0.30	10-Q
Feb 12, 2003	Feb 11, 2003	–	–	–	$0.30	10-Q
Nov 13, 2002	Nov 12, 2002	–	–	–	$0.29	10-K
Aug 14, 2002	Aug 13, 2002	–	–	–	$0.29	10-Q
May 15, 2002	May 14, 2002	–	–	–	$0.29	10-Q
Feb 13, 2002	Feb 12, 2002	–	–	–	$0.29	10-Q
Nov 15, 2001	Nov 14, 2001	–	–	–	$0.28	–
Aug 14, 2001	Aug 13, 2001	–	–	–	$0.28	10-Q
May 16, 2001	May 15, 2001	–	–	–	$0.28	10-Q
Feb 14, 2001	Feb 13, 2001	–	–	–	$0.28	10-Q
Nov 15, 2000	Nov 14, 2000	–	–	–	$0.27	–
Aug 16, 2000	Aug 15, 2000	–	–	–	$0.27	–
May 10, 2000	May 9, 2000	–	–	–	$0.27	–
Feb 9, 2000	Feb 8, 2000	–	–	–	$0.27	–
Nov 9, 1999	Nov 8, 1999	–	–	–	$0.26	–
Aug 11, 1999	Aug 10, 1999	–	–	–	$0.26	–
May 12, 1999	May 11, 1999	–	–	–	$0.26	–
Feb 10, 1999	Feb 9, 1999	–	–	–	$0.26	–
Nov 10, 1998	Nov 9, 1998	–	–	–	$0.25	–
Aug 12, 1998	Aug 11, 1998	–	–	–	$0.25	–
May 13, 1998	May 12, 1998	–	–	–	$0.25	–
Feb 11, 1998	Feb 10, 1998	–	–	–	$0.25	–
Nov 12, 1997	Nov 11, 1997	–	–	–	$0.2367	–
Aug 13, 1997	Aug 12, 1997	–	–	–	$0.2367	–
May 14, 1997	May 13, 1997	–	–	–	$0.2367	–
Feb 12, 1997	Feb 11, 1997	–	–	–	$0.2367	–
Nov 13, 1996	Nov 12, 1996	–	–	–	$0.23	–
Aug 14, 1996	Aug 13, 1996	–	–	–	$0.23	–
May 15, 1996	May 14, 1996	–	–	–	$0.23	–
Feb 14, 1996	Feb 13, 1996	–	–	–	$0.23	–
Nov 8, 1995	Nov 7, 1995	–	–	–	$0.22	–
Aug 9, 1995	Aug 8, 1995	–	–	–	$0.22	–
May 8, 1995	May 5, 1995	–	–	–	$0.22	–
Feb 6, 1995	Feb 3, 1995	–	–	–	$0.22	–
Nov 4, 1994	Nov 3, 1994	–	–	–	$0.22	–
Aug 8, 1994	Aug 5, 1994	–	–	–	$0.22	–
May 9, 1994	May 6, 1994	–	–	–	$0.22	–
Feb 7, 1994	Feb 4, 1994	–	–	–	$0.22	–
Nov 5, 1993	Nov 4, 1993	–	–	–	$0.2133	–
Aug 9, 1993	Aug 6, 1993	–	–	–	$0.2133	–
May 10, 1993	May 7, 1993	–	–	–	$0.2133	–
Feb 8, 1993	Feb 5, 1993	–	–	–	$0.2133	–
Nov 6, 1992	Nov 5, 1992	–	–	–	$0.2067	–
Aug 10, 1992	Aug 7, 1992	–	–	–	$0.2067	–
May 11, 1992	May 8, 1992	–	–	–	$0.2067	–
Feb 4, 1992	Feb 3, 1992	–	–	–	$0.2067	–
Nov 4, 1991	Nov 1, 1991	–	–	–	$0.1956	–
Aug 12, 1991	Aug 9, 1991	–	–	–	$0.1956	–
May 6, 1991	May 3, 1991	–	–	–	$0.1956	–
Feb 4, 1991	Feb 1, 1991	–	–	–	$0.1956	–
Nov 5, 1990	Nov 2, 1990	–	–	–	$0.1822	–
Aug 6, 1990	Aug 3, 1990	–	–	–	$0.1822	–
May 7, 1990	May 4, 1990	–	–	–	$0.1822	–
Feb 5, 1990	Feb 2, 1990	–	–	–	$0.1822	–
Nov 13, 1989	Nov 10, 1989	–	–	–	$0.1689	–
Aug 14, 1989	Aug 11, 1989	–	–	–	$0.1689	–
May 8, 1989	May 5, 1989	–	–	–	$0.1689	–
Feb 6, 1989	Feb 3, 1989	–	–	–	$0.1689	–
Nov 4, 1988	Nov 3, 1988	–	–	–	$0.1556	–
Aug 8, 1988	Aug 5, 1988	–	–	–	$0.1556	–
May 9, 1988	May 6, 1988	–	–	–	$0.1556	–
Feb 8, 1988	Feb 5, 1988	–	–	–	$0.1556	–
Nov 7, 1986	Nov 6, 1986	–	–	–	$0.1267	–
Aug 11, 1986	Aug 8, 1986	–	–	–	$0.1267	–
May 12, 1986	May 9, 1986	–	–	–	$0.1267	–
Feb 3, 1986	Jan 31, 1986	–	–	–	$0.1267	–

Per share as declared at the time. Source document: the dividend announcement filed with the SEC (press release or 8-K) where one exists, otherwise the quarterly or annual report covering the declaration.

By fiscal year

Dividend per share, cash paid and payout ratio from annual filings

Fiscal year	Per share	Change	Cash paid	Payout ratio
FY2025	$2.70	+4.0%	$197.90M	67.9%
FY2024	$2.60	+4.0%	$182.30M	66.8%
FY2023	$2.50	+3.7%	$168.10M	64.1%
FY2022	$2.41	+5.2%	$156.70M	60.6%
FY2021	$2.29	+5.5%	$145.00M	61.3%
FY2020	$2.17	+5.9%	$135.44M	59.5%
FY2019	$2.05	+6.2%	$124.65M	62.5%
FY2018	$1.93	+6.6%	$106.59M	41.2%
FY2017	$1.81	+7.7%	$96.74M	54.6%
FY2016	$1.68	+3.7%	$87.57M	120.0%
FY2015	$1.62	+3.8%	$72.60M	-226.1%
FY2014	$1.56	+2.6%	$69.64M	–
FY2013	$1.52	+2.7%	$67.59M	58.8%
FY2012	$1.48	+1.4%	$65.26M	80.0%
FY2011	$1.46	+1.4%	$59.20M	119.0%

Where these numbers come from

Parsed from the XBRL in Black Hills's annual and quarterly filings with the SEC
Per-share figures adjusted for the 3-for-2 split on Mar 11, 1998
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Against peers

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is BKH.

Compare: BKH vs TXNM · BKH vs IDA · BKH vs OGE · BKH vs TLN · BKH vs CWEN

Revenue growth2.8% · median 10.0%

Operating margin24.3% · median 24.3%

Net margin13.5% · median 16.4%

Company	Revenue	Growth
TLN	$3.44B	+60.8%
OGE	$3.37B	+2.4%
BKH	$2.34B	+2.8%
TXNM	$2.32B	+10.0%
IDA	$1.83B	+3.6%
CWEN	$1.67B	+21.2%

Company

Next earnings (est.): Feb 3, 2027, after close
Exchange: NYSE
Industry: Electric Services
Fiscal year ends: December 31
Employees: 257
Held by institutions: 100.0%
Auditor: DELOITTE & TOUCHE LLP
SEC CIK: 1130464

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