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

NEW YORK ( TheStreet) -- The ex-dividend date for Black Hills Corporation (NYSE: BKH) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $32.86 as of 9:30 a.m. ET, the dividend yield is 4.5%.

The average volume for Black Hills has been 263,100 shares per day over the past 30 days. Black Hills has a market cap of $1.44 billion and is part of the utilities sector and utilities industry. Shares are down 2.6% year to date as of the close of trading on Monday.

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company primarily in the United States. The company has a P/E ratio of 30.2, above the average utilities industry P/E ratio of 26.5 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 increase in net income and growth in earnings per share. 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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