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BKHU - Black Hills News Story

$63.72 -1.7  -2.6%

Sector
Utilities
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6853

Black Hills Corp. Announces 5.6 Percent Dividend Increase

Tue 27th October, 2020 8:15pm
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Dividend declaration completes 50 consecutive years of annual dividend
increases

RAPID CITY, S.D., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:
BKH) today announced that its board of directors approved a quarterly dividend
of 56.5 cents per share, a 3.0 cent per share, or 5.6%, increase over last
quarter's dividend. Common shareholders of record at the close of business on
Nov. 17, 2020, will receive 56.5 cents per share, payable Dec. 1, 2020.

“Today’s declaration marks a significant milestone with the completion of
our 50th consecutive annual dividend increase, one of the longest records in
the electric and gas utility sector,” said Linn Evans, president and CEO of
Black Hills Corp. “Our track record of dividend increases affirms our
long-term strategy of sharing our growing earnings with shareholders while
maintaining the capital to sustainably grow long-term customer and shareholder
value.”

This dividend announcement marks 78 consecutive years that Black Hills has
paid annual dividends, starting in February 1942 when its predecessor company,
Black Hills Power & Light Company was newly incorporated.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility
company with a tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the company
serves 1.28 million natural gas and electric utility customers in eight
states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and
Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com

24-Hour Media Relations Line
888-242-3969

(https://www.globenewswire.com/NewsRoom/AttachmentNg/56b34e64-17c6-4ecf-a4f6-b7848f82cfeb)



GlobeNewswire, Inc. 2020
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