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

NEW YORK ( TheStreet) -- The ex-dividend date for Black Hills Corporation (NYSE: BKH) is tomorrow, February 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $35.20 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for Black Hills has been 291,700 shares per day over the past 30 days. Black Hills has a market cap of $1.34 billion and is part of the utilities sector and utilities industry. Shares are up 4.2% 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 24, above the average utilities industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Black Hills as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Black Hills Ratings Report.

See our dividend calendar or top-yielding stocks list.
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