Rapid City, South Dakota — October 30, 2018 — Black Hills Corp. (NYSE: BKH) today announced that its board of directors declared a 6.3 percent, or $0.03 increase, in the quarterly dividend to $0.505 per share. The annual equivalent rate of $2.02 per share represents 49 consecutive years of annual dividend increases. Common shareholders of record at the close of business on Nov. 19, 2018, will receive $0.505 per share, payable Dec. 1, 2018.
“We are pleased to announce our 49th consecutive annual dividend increase, one of the longest records in the utility sector. This action demonstrates confidence in our long-term cash flow and earnings growth strategy,”
“We are pleased to announce our 49th consecutive annual dividend increase, one of the longest records in the utility sector. This action demonstrates confidence in our long-term cash flow and earnings growth strategy,” said David R. Emery, chairman and CEO of Black Hills Corp. “Our track record of dividend increases affirms our long-term strategy of sharing earnings growth with shareholders while maintaining the capital to continue building long-term customer and shareholder value.”
The company also confirms that it will announce its 2018 third quarter earnings after the market closes on Monday, Nov. 5, and host its 2018 third quarter earnings conference call and webcast on Tuesday, Nov. 6, at 11 a.m. EST. Access the live webcast at www.blackhillscorp.com under the “Investor Relations” heading. Select “Events & Presentations,” and click “Q3 2018 Earnings Conference Call.” Please allow at least five minutes for registering and accessing the presentation.
To ask a question during the live broadcast or listen without Internet access, call 866-544-7741 from within the United States; the number for international callers is 724-498-4407. Enter the passcode 4798294 when prompted.