Black Hills Corp. Announces 45th Consecutive Annual Dividend Increase
January 28 2015 - 5:00PM
RAPID CITY, S.D. - Jan. 28,
2015 - The Black Hills Corp. (NYSE: BKH) board of directors
today declared a quarterly dividend on the corporation's common
stock. Shareholders of record at the close of business on Feb. 13,
2015, will receive $0.405 per share, payable on March 1, 2015.
The quarterly dividend was increased by $0.015 per
common share, or 3.9 percent, to $0.405 per share, equivalent to an
annual increase of $0.06 and dividend rate of $1.62 per share.
"The dividend increase reflects our strategy of
sharing our strong earnings growth with our shareholders, while
also retaining capital to support investment opportunities that
create long-term value," said David R. Emery, chairman, president
and chief executive officer of Black Hills Corp. "We are proud of
our 45 years of consecutive annual dividend increases, one of the
longest records in the utility sector. It highlights the confidence
we have in our business strategy and outlook for the future."
Black Hills
Corporation
Black Hills Corp. (NYSE: BKH) is a growth-oriented,
vertically-integrated energy company with a tradition of exemplary
service and a vision to be the energy partner of choice. Based in
Rapid City, S.D., the company serves 777,000 natural gas and
electric utility customers in Colorado, Iowa, Kansas, Montana,
Nebraska, South Dakota and Wyoming. The company generates wholesale
electricity and produces natural gas, oil and coal. Black Hills
Corp.'s 1,948 employees partner to produce results that are
improving life with energy. More information is available at
www.blackhillscorp.com.
Investor Relations:
Jerome E. Nichols
605-721-1171
24-Hour Media Relations
Line:
866-243-9002
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Black Hills Corporation via Globenewswire
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