RAPID CITY, S.D., Jan. 27, 2011 /PRNewswire/ -- At a meeting held Jan. 27, 2011, the board of directors of Black Hills Corp. approved the 41st consecutive annual increase in the company's dividend. The quarterly dividend was increased by $0.005 per common share to $0.365 per share, equivalent to an annual dividend rate of $1.46 per share. Shareholders of record at the close of business on Feb. 15, 2011, will receive $0.365 per share, payable on March 1, 2011.
"The dividend increase approved today exemplifies our commitment to our shareholders and continues our tradition of annual dividend growth for the 41st consecutive year," said David R. Emery, chairman, president and chief executive officer of Black Hills Corp.
BHC will issue a news release regarding 2010 fourth quarter and full year results on Thursday, Feb. 3, 2011, and host a live conference call and webcast at 11 a.m. EST on Friday, Feb. 4, to discuss the financial and operating performance.
Those interested in listening to the live broadcast from within the United States can call 800-561-2601 and international callers can call 617-614-3518. All callers need to enter the pass code 61714653 when prompted. To access the live webcast and download a copy of the investor presentation, go to the Black Hills Web site at http://www.blackhillscorp.com/ and click "Webcast" in the "Investor Relations" section. The investor presentation will be posted on the website before the webcast. Listeners should allow at least five minutes for registering and accessing the presentation.
For those unable to listen to the live broadcast, a replay will be available on BHC's website shortly after the live broadcast. The replay will also be available by telephone through Feb. 18, 2011, at 888-286-8010 for callers from within the United States and at 617-801-6888 for international callers. The replay pass code is 64743975.
ABOUT BLACK HILLS CORP.
Black Hills Corp. -- a diversified energy company with a tradition of exemplary service and a vision to be the energy partner of choice -- is based in Rapid City, S.D., with corporate offices in Denver and Omaha, Neb. The company serves 763,300 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The company's non-regulated businesses generate wholesale electricity, produce natural gas, oil and coal, and market energy. Black Hills' 2,200 employees partner to produce results that improve life with energy. More information is available at http://www.blackhillscorp.com/.
Black Hills Corp.
CONTACT: Jason Ketchum, +1-605-721-2765, or Media Relations,
1-866-243-9002, both for Black Hills Corp.
Web Site: http://www.blackhillscorp.com/
