Published on 11 Feb 2024 on Simply Wall St. via Yahoo Finance
Black Hills Corporation (NYSE:BKH) is about to trade ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase Black Hills' shares before the 15th of February to receive the dividend, which will be paid on the 1st of March.
The company's upcoming dividend is US$0.65 a share, following on from the last 12 months, when the company distributed a total of US$2.60 per share to shareholders. Based on the last year's worth of payments, Black Hills has a trailing yield of 5.0% on the current stock price of US$51.62. If you buy this business for its dividend, you should have an idea of whether Black Hills's dividend is reliable and sustainable. As a result, readers should always check whether Black Hills has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for Black Hills