Black Hills Stock To Go Ex-dividend Tomorrow (BKH)

NEW YORK ( TheStreet) -- The ex-dividend date for Black Hills Corporation (NYSE: BKH) is tomorrow, August 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $29.46 as of 9:31 a.m. ET, the dividend yield is 4.9%.

The average volume for Black Hills has been 355,600 shares per day over the past 30 days. Black Hills has a market cap of $1.2 billion and is part of the utilities sector and utilities industry. Shares are down 3.1% year to date as of the close of trading on Friday.

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company primarily in the United States. The company operates through six segments: Electric Utilities, Gas Utilities, Oil and Gas, Coal Mining, Energy Marketing, and Power Generation. The company has a P/E ratio of 14.4, below the average utilities industry P/E ratio of 18 and below 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 compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Black Hills Ratings Report.

See our dividend calendar or top-yielding stocks list.

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