Latest news with #BlackHills
Yahoo
a day ago
- Business
- Yahoo
How To Put $100 In Your Retirement Fund Each Month With Black Hills Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Black Hills Corp. (NYSE:BKH) is an electric and natural gas utility company in the U.S. The 52-week range of Black Hills stock price was $51.66 to $65.59. Black Hills' dividend yield is 4.71%. It paid $2.70 per share in dividends during the last 12 months. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Invest Where It Hurts — And Help Millions Heal: On May 7, the company announced its Q1 2025 earnings, posting EPS of $1.87, coming in below the consensus estimate of $1.93, while revenues of $805.20 million beat the consensus of $706.08 million, as reported by Benzinga. "Looking ahead, our core utility rate base growth and earnings from our growing data center demand provides strong confidence in our 4% to 6% long-term EPS growth target. By the end of our five-year plan, we expect to serve 500 megawatts of data center demand from existing customers through our innovative business model that requires minimal capital, doubling earnings contribution to more than 10% in 2028," said CEO Linn Evans. The company reaffirmed its guidance for full-year 2025, expecting EPS in the range of $4 to $4.20. Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." If you want to make $100 per month — $1,200 annually — from Black Hills dividends, your investment value needs to be approximately $25,478, which is around 443 shares at $57.45 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (4.71% in this case). So, $1,200 / 0.0471 = $25,478 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Black Hills stock an attractive option for making a steady income of $100 per month by owning 443 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Black Hills has raised its dividend consecutively for the last 55 years. Check out this article by Benzinga for three stocks offering high dividend yields. Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities. , which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, Looking for fractional real estate investment opportunities? The features the latest offerings. Image: Shutterstock This article How To Put $100 In Your Retirement Fund Each Month With Black Hills Stock originally appeared on
Yahoo
01-06-2025
- Business
- Yahoo
The Sugar Shack is back in business
Black Hills, S.D. (KELO) –After more than 18 months, the Sugar Shack in the Black Hills is back up and running. And the western South Dakota business is off to a strong start. The Sugar Shack's owner says it's been a weight off his shoulders to be back in business. Bryant community keeps 105-year-old theater alive 'It feels amazing, all the amazing support we had this weekend, it was crazy, record breaking days everyday. It was awesome to feel all the love when everyone came in. They loved the building, they loved everything, so I think it went really well.' said owner Trevor Kautzman. People visiting the Black Hills are among those returning to this local hotspot. 'I think it's a lot nicer than it was. It was nice before, it was just kind of old and outdated. But it's a lot nicer now, the food is still good, so yeah I liked it.' returning customer Brent Lucas said. The goal was to have the same look with more space and it's safe to say, everybody is excited to be back at the Sugar Shack. 'We talk about it every time we come out here. This is our third or fourth trip and we've eaten here like eight times probably and we always tell people about it.' Lucas said. 'They love it, of course they miss the old shack of course, it's been here forever. But I've heard a lot that they can walk in here and it still looks like the old shack, just bigger and newer of course. I've got nothing but love, it's been nice.' Kautzman said. The added space means 14 more seats are available inside, plus there's more room for the staff to be able to work. The Sugar Shack is open daily serving up breakfast, lunch and dinner, and they're excited to share the upgraded location with new and returning guests. Jamie Smith aims to be the next Sioux Falls Mayor Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-05-2025
- Business
- Yahoo
2 No-Brainer High Yield Utility Stocks to Buy Right Now
Utilities are set to see an increase in demand thanks to AI, data centers, and EVs. Dominion Energy is a turnaround story, but one that is relatively low risk and relatively high yield. Black Hills is a Dividend King with a notably above-average yield. 10 stocks we like better than Dominion Energy › Stocks in the utility sector are known for providing investors with income and restful nights because of the regulated nature of the industry. But there's a change coming on the demand side of utilities that will help boost growth in what has long been a sleepy industry. Here's why you might want to buy high-yield utility stocks like Dominion Energy (NYSE: D) and Black Hills (NYSE: BKH) right now. In 2021, the Energy Information Administration put out a report saying it expected energy demand to increase by 22% between 2020 and 2040. That's a huge increase from the 9% growth in electricity demand experienced between 2000 and 2020. That 20-year estimate was raised again in 2024, jumping to 38% growth. And in 2025, the estimate rose again, to 55% growth. That's six times the increase that was seen in the previous 20-year period. The big driver behind this shift is threefold: Artificial intelligence (AI), data centers, and electric vehicles (EVs). Over the next decade, demand from AI and data centers is expected to increase by 300%. By 2050, demand from EVs is expected to rocket higher by 9,000%. This is a no-brainer opportunity for dividend investors because you don't have to do anything materially different to benefit. Utilities, a typical dividend investment, are attractive today, and it looks like they will be even more attractive in the future as they serve the increasing demand for power. Dominion Energy has been a difficult stock to appreciate for a few years. It cut its dividend as it revamped its portfolio of assets, slimming down to what is now just a pure-play electric utility. It is currently focused on reducing leverage and lowering its payout ratio so that it is more in line with industry peers. It will probably take a couple more years before the dividend is growing again. That's the bad news, and it's a big part of why the stock has a 4.7% dividend yield while the average utility is offering 2.9%. What's interesting about Dominion Energy is that it has a monopoly on the delivery of power in one of the largest data center markets in the world. It is seeing extremely strong demand for power from data center customers. This, plus a large offshore wind project that is in the works, is expected to support 5% to 7% annual earnings growth over the foreseeable future. If you buy today, you can collect a well-above-average yield while you wait for management to get the dividend growing again. When the dividend is growing again, Wall Street is likely to afford the stock a higher premium. This is a fairly low-risk turnaround story if you are willing to step aboard. Black Hills is at the other end of the dividend growth spectrum from Dominion. That's because Black Hills has increased its dividend annually for 55 consecutive years, making it a Dividend King. It is one of the few utilities to have achieved this level of dividend consistency, but it is relatively underfollowed on Wall Street because it has a tiny $4 billion market cap. Don't skip over this small utility, however, because it also has a well-above-average dividend yield of 4.6%. A high-yield Dividend King operating in a boring, regulated industry isn't something to miss out on. Especially as that industry is seeing increased demand. Black Hills expects growing demand in the markets it serves to lead to earnings growth of between 4% and 6% a year for the foreseeable future. That, in turn, should lead to a similar level of dividend growth. If slow and steady sounds good to you, Black Hills is a no-brainer investment idea to dig into. Utilities aren't known for being exciting investments, but the business model appears set to shift into a higher gear as electricity demand increases. Dominion Energy is a solid turnaround play on this theme, while Black Hills is a sleep well at night option for those who prefer less excitement. Before you buy stock in Dominion Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dominion Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has positions in Black Hills and Dominion Energy. The Motley Fool recommends Dominion Energy. The Motley Fool has a disclosure policy. 2 No-Brainer High Yield Utility Stocks to Buy Right Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Offering short-term bridge funding for Black Hills Nonprofits
Rapid City, S.D. (KELO) –Nonprofits across South Dakota are facing pressure as federal priorities are moving around. The Black Hills Area Community Foundation and the John T. Vucurevich Foundation have teamed up to help in the Black Hills. 'The strength that George had' The Sustaining Black Hills Nonprofits Fund looks to offer short-term bridge funding for Black Hills nonprofits. 'So whether it's waiting for a grant to come through and not knowing if that's happened, or because funds have been cut. We're able to respond to that and to provide the funding that they need to get to what the next plan looks like and how they can adjust for that.' John T. Vucurevich Foundation President & CEO Jacqui Dietrich said Over the next three months, this fund will provide $90,000 to Feeding South Dakota due to recent USDA food supply cuts. 'Every dollar that is donated provides about three meals, so our buying power is huge. And so we're able to pass that onto our neighbors throughout the state that are facing hunger insecurities.' Feeding South Dakota Development Officer Kristina Simmons said These foundations sent out a survey to over 70 nonprofits, which showed that four out of five are facing uncertainty as to what their funding will look like going into the fall. 'Sustaining the services we have in our community around the work that Feeding South Dakota is doing in our Rapid City community was really critical when we looked at how foundations like ours could come together and bring the community together to really support and ensure that these nonprofits can keep doing the work that they're doing.' Dietrich said 'Either pantry help or food through mobile distributions, those calls are constantly coming in as one in nine adults and one in six children in South Dakota face hunger. The Sustaining Black Hills Nonprofits Fund is going to help families and nonprofits throughout the Black Hills.' Simmons said These foundations are still reaching out to nonprofits in the Black Hills as they continue to look for ways to help out in times of need. Almost 1,800 SFSD graduates walk the stage Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Here Are My Top 2 High-Yield Energy Stocks to Buy Now
As a dividend investor, I appreciate a high-yield stock with a rock solid business behind it. One of my biggest preferences, however, is for simplicity. It's hard enough tracking a portfolio of stocks -- why gum up the process with overly complex investments? That's why I am a big fan of Black Hills (NYSE: BKH) and TotalEnergies (NYSE: TTE) today. Bad stories are all over the place When it comes to dividend stocks, you can find high yields fairly easily. For example, master limited partnership (MLP) Energy Transfer has a huge 7.7% distribution yield. However, this midstream giant cut its dividend in 2020, right when investors probably would have preferred a reliable income stream thanks to the coronavirus pandemic. And in 2016, it scuttled a deal to buy peer Williams that Energy Transfer itself had initiated. In the process, it made some moves that suggested that the MLP was looking out for insiders rather than worrying about unitholders. That's a terrible backdrop and not something I want to get involved in. Then there's integrated energy company BP, with a well-above-industry-average 6.4% dividend yield. Only BP made a bold shift toward clean energy in 2020, a move that coincided with a dividend cut. Presumably, the dividend cut would have freed up capital to put toward clean energy. But BP has since walked back its clean energy commitment. It seems like management doesn't have a full grasp of what it's doing. Now, there are rumors that BP might get bought out by a rival. BP's business gyrations are too complicated for me to bother with. 2 high yielders I own and love In contrast to those two stocks, I happily own Black Hills and TotalEnergies. They have dividend yields of 4.6% and 6.7%, respectively. Black Hills is a utility, a segment where the average yield is 2.9%, and TotalEnergies is an integrated energy producer, where the average energy stock's yield is around 3.5%. So both are offering well-above-average yields. Black Hills is, by far, the more boring of the pair. It operates regulated natural gas and electric utilities serving roughly 1.35 million customers across parts of Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. There's really nothing particularly exciting about the business -- it's a slow and steady tortoise. But it's also a very reliable tortoise, with over 50 years of annual dividend increases behind it. That makes it one of the few utilities to achieve Dividend King status. You may not have heard of Black Hills because it's fairly small, with a market cap of around $4.5 billion. Don't ignore it because of its size. The utility's customer base is growing at nearly three times the rate of the U.S. population, and management believes it can achieve 4% to 6% annual earnings growth for the foreseeable future. Dividends should track earnings higher over time. TotalEnergies isn't small -- it's one of the largest integrated energy companies in the world. It actually competes with BP directly, and it owns pipelines and other midstream assets just like Energy Transfer. But the big draw here is likely to be the lofty yield. That's just the start of the story. TotalEnergies made the same clean energy commitment at the same time as BP and Shell. But unlike BP and Shell, TotalEnergies didn't cut its dividend when it made the commitment, and it hasn't walked back its clean energy commitment like BP and Shell have since done. Basically, TotalEnergies is a giant oil and gas company that's using its carbon fuel profits to grow a business unit that's focused on cleaner alternatives. I like the hedge that offers me, given the ongoing changes the world is making on the clean energy front. The high yield and support of the dividend through this transition period are icing on the cake. The story matters if you want to sleep well at night Some investors might prefer BP and Energy Transfer over Black Hills and TotalEnergies. That's fine for them, but I prefer to own companies I can easily understand, that reward me well for owning them (with reliable dividends), and that don't have troubling histories that leave me wondering if I can trust management. Black Hills and TotalEnergies are two of my favorite high-yield energy buys right now. Should you invest $1,000 in TotalEnergies right now? Before you buy stock in TotalEnergies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and TotalEnergies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,613!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $753,878!* Now, it's worth noting Stock Advisor 's total average return is922% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
