How Much Would It Take To Earn $100 A Month From Black Hills Stock?

Black Hills Corporation BKH is a U.S.-based energy company that operates through its Electric Utilities, Gas Utilities, Corporate, and Other segments. These segments operate in states in the Midwest and mountain regions. The company’s customers include residential, commercial, industrial, and municipal consumers.

It will report its Q3 2024 earnings on October 30. Wall Street analysts expect the company to post an EPS of $0.56, down from $0.67 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $538.62 million, up from $407.10 million in the year-ago period.

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The 52-week Black Hills stock price range was $46.43 to $60.42.

Black Hills’s dividend yield is 4.31%. It paid $2.60 per dividend share during the last 12 months.

The Latest On Black Hills

On July 31, Black Hills reported its Q2 2024 earnings, posting a GAAP EPS of $0.33, beating the consensus estimate of $0.29, while revenues of $402.6 million missed the consensus of $497.51 million, as reported by Benzinga.

"Year-to-date earnings were up 6% compared to last year and we are reaffirming our earnings guidance for the year," said Linn Evans, president and CEO of Black Hills Corp. "We continue to deliver progress on our customer-focused strategy and are excited about powering Meta's newest AI data center in Cheyenne, which we expect to begin serving in 2026. Our team continues attracting new data centers with our mission-critical reliability and innovative energy solutions, including our unique tariffs and capital-light energy procurement model."

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How Can You Earn $100 Per Month As A Black Hills Investor?

If you want to make $100 per month—$1,200 annually—from Black Hills dividends, your investment value needs to be approximately $27,842, which is around 461 shares at $60.35 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.31%). So, $1,200 / 0.0431 = $27,842 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as the result of fluctuating stock prices and dividend payments on a rolling basis.

For 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 461 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Black Hills has raised its dividend consecutively for the last 54 years. 

Check out this article by Benzinga, highlighting two more stocks with a long history of dividend payments and high yields.

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