2024-04-13 11:30:00 ET
Summary
- Black Hills Corporation (BKH) is a reliable dividend stock with a current yield of nearly 5% and over 54 consecutive years of dividend increases.
- BKH operates in the utility sector, providing electric and gas utilities in 8 states in the middle region of the US.
- The company has shown consistent growth, effectively managed cash, and has plans for future growth through capital expenditures, making it an attractive investment opportunity.
- There is data to support an increased population growth in the states that BKH operate within. As a result, I anticipate lots of growth opportunities.
- I estimate a fair stock value of nearly $58 per share.
Overview
Black Hills Corporation ( BKH ) is one of those quality dividend stocks that do not get enough attention. Perhaps the business sits in a 'boring' industry, so there isn't an enormous amount of attention for it. However, BKH has always provided consistent growth, albeit slow at times, and has managed to reached dividend king status. The dividend yield is currently nearing 5% and the dividend has been increased for over 54 consecutive years. The 4-year average of the dividend yield sits closer to 3.7% and the drop in price has caused the yield to spike. I though this would be a good time to visit whether or not the current price of BKH serves as a good entry point for new investors looking to get a slice of some reliable income....
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Black Hills Corporation: Dividend King To Benefit From Population Growth