2021 Week 30: Black Hills Corp (NYSE: BKH)

Portfolio Update

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend$0
Current Quarter Dividend (Q3 2021)$36.00
LifeTime Dividend$541.34
Estimated Annual Dividend$2,211.87
Dividend Scorecard

The capital allocation for the week of 07/25/2021 to 07/31/2021 will be used to add to our position in Black Hills Corp (NYSE: BKH)

BKH – Position Update

Since our last check-in on BKH in week 25 of 2021, there have been no significant developments. The company is scheduled to release Q2 2021 earning on 08/03/2021. The share price has increased slightly $67.59 to $67.66.

TTMPrev. Update10-year median
Dividend Streak51 years51 years
Yield3.30%3.30%3.17%
Payout Ratio60.60%60.60%58%
P/E18.3918.3719.77
Entry Criteria Scorecard

Q1 2021 earnings report

Did BKH’s latest earnings report raise any warning flags?

We discussed BKH’s Q1 2021 financial results in the previous article. Overall, revenue grew 17.9%, net earnings increased 3.1%, and EPS where 1.99% higher compared to Q1 2020.

Revenue
(in millions)
Net Income
(in millions)
EPS
.
Q1 2020$537$97$1.51
Q1 2021$633$100$1.54
% Change17.9%3.1%1.99%

Additional noteworthy developments during the quarter:

  • None

Looking ahead, the upcoming Q2 2021 earnings report will provide additional information on BRK 2021 financial performance. We expect BKH to continue to execute on their priorities and stay on track to meet their 2021 earnings guidance.

Thesis

Why are we adding to our position in BKH for FiveTwenty portfolio?

With no significant developments for BKH since our last check in, our investment thesis remains unchanged.

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