NEW YORK ( TheStreet) -- The ex-dividend date for Black Hills Corporation (NYSE: BKH) is Monday, May 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $31.95 as of 9:31 a.m. ET, the dividend yield is 4.6%.

The average volume for Black Hills has been 224,900 shares per day over the past 30 days. Black Hills has a market cap of $1.3 billion and is part of the utilities sector and utilities industry. Shares are up 6.8% year to date as of the close of trading on Thursday.

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company. It operates through two groups, Utilities and Non-regulated Energy. The company has a P/E ratio of 19.6, above the average utilities industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Black Hills as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Black Hills Ratings Report.

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