A Diversified Power Company Paying a 4.4% Dividend

Most publicly traded utilities have the distinct advantage of paying investors a dividend. This dividend significantly enhances the equities' total return over time. As I've stressed before, every portfolio should include dividend-paying stocks as part of a diversification strategy. So when I came across a diversified energy company that was paying a 4.4 percent yield to investors, I had to write about it. This regulated power business is an oil and gas producer, but it also dabbles in coal and some energy marketing too. The company is Black Hills Corporation (NYSE: BKH) and it just finished the first quarter with a comfortable 13 percent increase in share price, as you can see in this chart. Black Hills, which now has a market cap of $1.3 billion, grew out of the partnership that first brought electric lights to the legendary gold rush town of Deadwood, South Dakota, in 1879. The company... Read more

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