This Dividend King's Growth Plans Kick Into High Gear in 2024

Black Hills Corporation (NYSE: BKH) has one big claim to fame, it is a Dividend King with over 50 years of annual Dividend increases behind it. That said, every business, even ones as reliable as Black Hills, go through good periods and bad ones. In 2023, the electric and natural gas utility was focused on battening down the hatches. That should change in 2024.

When it comes to utility companies, most investors will probably think of industry giants such as NextEra Energy (NYSE: NEE). Given its $125 billion-plus market cap, that makes complete sense. But Black Hills Corporation, with its relatively tiny $2.8 billion market cap, trounces NextEra Energy on one key streak, given that it has increased its dividend annually for two decades more than NextEra Energy has. You don't become a Dividend King by accident.