Dividend Growth and Stability: Black Hills Corporation's (BKH) Role in Dividend Stocks to Buy Under $100

Black Hills Corporation (NYSE:BKH) is included among the 13 Best High Dividend Stocks to Buy Under $100.

Black Hills Corporation (NYSE:BKH) is a modestly sized regulated utility that provides natural gas and electricity. Its operations are steady and predictable, serving about 1.35 million customers across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

Black Hills Corporation (NYSE:BKH) has been growing its customer base at nearly three times the rate of US population growth, which is a positive indicator that could strengthen its case for securing regulatory approval on future investments and rate proposals. This steady expansion aligns with the company’s long-term goal of delivering 4% to 6% annual earnings growth, with dividend hikes projected to move in step with that trajectory.

Black Hills Corporation (NYSE:BKH) is also a Dividend King with 55 consecutive years of dividend growth under its belt. The company’s quarterly dividend comes in at $0.676 per share for a dividend yield of 4.61%, as of September 18.

While we acknowledge the potential of BKH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.