Black Hills Corporation (NYSE:BKH) is included among the 12 Best Dividend Stocks With Yields Over 4%.
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Black Hills Corporation (NYSE:BKH) supplies electricity and natural gas to approximately 1.34 million customers in eight states. The company’s future growth will be supported by periodic rate reviews that influence revenue and profitability, as well as the continued expansion of its utility infrastructure.
Currently, Black Hills Corporation (NYSE:BKH) is planning an investment of $4.7 billion between 2025 and 2029, which includes new electric transmission lines and 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 modeland strong competitive position, Black Hills Corporation (NYSE:BKH) maintains a strong track record of dividend security. The company is targeting a payout ratio of 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 amounts to $0.676 per share and has a dividend yield of 4.48%, as of October 12.
While we recognize BKH’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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