How To Put $100 In Your Retirement Fund Each Month With Black Hills Stock

Black Hills Corporation BKH operates as an electric and natural gas utility company in the United States.

It will report its Q4 2024 earnings on February 5. Wall Street analysts expect the company to post an EPS of $1.26, up from $1.17 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $952.93 million, up from $591.70 million in the year-ago period.

The 52-week Black Hills stock price range was $49.34 to $64.76.

Black Hills’ dividend yield is 4.54%. During the last 12 months, it paid $2.60 per share in dividends.

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The Latest On Black Hills

On Nov. 6, 2024, the company announced its Q3 2024 earnings, posting an EPS of $0.35 compared to the consensus estimate of $0.52 and revenues of $401.60 million compared to the consensus of $446.19 million, as reported by Benzinga.

"We are on track to achieve our 2024 earnings guidance as we continue to execute on our strategy while navigating ongoing cost pressures and mild weather," said Linn Evans, president and CEO of Black Hills Corp. "Our team made progress on our regulatory initiatives with new natural gas utility rates effective in Arkansas and a constructive settlement reached in Iowa. We also completed our key financing activities for the year, ending the quarter at our long-term capitalization target of 55% debt."

Black Hills reaffirms its guidance for 2024 earnings per share available for common stock to be between $3.80 and $4.00.

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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 $26,432, which is around 461 shares at $57.31 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.54% in this case). So, $1,200 / 0.0454 = $26,432 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 due to fluctuating stock prices and dividend payments on a rolling basis.

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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 for three more stocks offering high dividend yields. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

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