How To Cut The Dividend While Raising It -- BKH -- Benzingo -- January 10, 2025.

Locator: 44653DIVIDENDS.

Maybe I'm missing something but this is what I'm seeing / reading. Needs to be fact-checked. 

This story is being reposted today on Benzinga though they reference a dividend increase almost a year ago.

Black Hills Corporation (NYSE:BKH) is an 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 in the U.S.

On Jan. 26, Black Hills announced that its board of directors approved a quarterly dividend of $0.65 per share, an increase of $0.025 per share over last quarter's dividend.

"This dividend increase showcases our long-standing commitment to reward shareholders with a sustainable, growing dividend," said Linn Evans, president and CEO of Black Hills Corp.

The new annualized rate represents 54 consecutive years of annual dividend increases, the second-longest track record in the electric and natural gas utility industry.

So that story is being recycled today by Benzinga. 

But note this, link here:

BKH announced a dividend increase for calendar year 2021, but in fact paid out significantly less by skipping a payment, if the information above is accurate.

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