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Saturday, February 1, 2025

Black Hills Dividend Increase

On 29 January, Black Hills (BLK) increased
 its dividend by 2.16%, from $5.10 to $5.21 per share. 

The dividend is payable on 24 
March to shareholders of record on 7 March.

BLK's contribution to DivGro's projected annual dividend income will increase by $11 to $521.
I own 25 shares of BLK at an average cost basis of $385.90 per share. Following this increase, my yield on cost is 5.40%. (BLK's forward yield is 1.94% at $1,075.50 per share). 

Since opening my position in December 2018, the stock has generated a total return of 206%, including $2,604 in dividend income. That's an impressive annualized rate of return of 20%!

BLK became DivGro's 29th Home Run stock in January 2021, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date
2020 2021 2022 2023 2024 2025
$14.52 $16.52 $19.52 $20.00 $20.40 $20.84
10.00% 13.77% 18.16% 2.46% 2.00% 2.16%
5-year DGR: 9.10% 7.49%

projected, assuming no further changes


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