Black Hills (NYSE: BKH) dividends paid
Black Hills paid $197.9m in dividends in fiscal 2025, 8.6% more than in fiscal 2024 ($182.3m). That was 67.9% of its net income for the year. It is the total cash paid according to its cash flow statement, not the dividend per share.
Dividends paid by fiscal year
| Fiscal year | Dividends paid | Change | Payout ratio |
|---|---|---|---|
| 2025 | $197.9m | +8.6% | 67.9% |
| 2024 | $182.3m | +8.4% | 66.8% |
| 2023 | $168.1m | +7.3% | 64.1% |
| 2022 | $156.7m | +8.1% | 60.6% |
| 2021 | $145.0m | +7.1% | 61.3% |
| 2020 | $135.4m | +8.7% | 59.5% |
| 2019 | $124.6m | +16.9% | 62.5% |
| 2018 | $106.6m | +10.2% | 41.2% |
| 2017 | $96.7m | +10.5% | 54.6% |
| 2016 | $87.6m | — | 120.0% |
The figure for each fiscal year is the total cash paid in dividends according to the cash flow statement in the annual accounts. It is not the dividend per share and may include amounts paid to minority shareholders of subsidiaries. It covers closed fiscal years and is not a forecast. The change compares each fiscal year with the one before and is not shown when the amount paid is more than ten times the previous one. The payout ratio divides dividends paid by net income for the same fiscal year and is not calculated when net income was not positive. Figures are in millions of US dollars.
Questions about the dividends of Black Hills
- How much did Black Hills pay in dividends in fiscal 2025?
- Black Hills paid $197.9m in dividends in fiscal 2025, according to its cash flow statement; in fiscal 2024 it paid $182.3m.
- What share of its profit did Black Hills pay out?
- In fiscal 2025 dividends paid were 67.9% of its net income, which was $291.6m.
- In which year did Black Hills pay the most in dividends?
- Of its last 10 fiscal years with the figure, fiscal 2025, with $197.9m paid in dividends.
- Where do the figures for Black Hills come from?
- From the annual report (Form 10-K) that Black Hills files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
From the annual report (Form 10-K) that Black Hills files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. More on Black Hills: the Black Hills page · annual accounts · insider transactions.
Dividend per share of Black Hills by fiscal year, with the filing behind every figure: Black Hills dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.