UTG: Collecting A High Yield From Utilities Slump [Seeking Alpha]
Black Hills Corporation (BKH)
Last black hills corporation earnings: 2/6 04:15 pm
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US:NYSE Investor Relations:
ir.blackhillscorp.com
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Source: Seeking Alpha
Reaves Utility Income Trust sits at a slight discount to NAV. In addition, the fund's tax advantaged distribution makes it attractive for income investors. UTG's fund strategy focuses on dividend-paying stocks in the utilities sector, with a diverse breakdown of holdings. The current dividend yield is 8.6% and distributions are issued on a monthly basis. Overview The utilities sector continues to lag behind the rest of the market since the rapid rising of interest rates in 2022. For example, the utilities sector ( XLU ) has delivered a modest 18% price gain over the last 5-year period. In comparison, the S&P 500 ( SPY ) has grown in price by over 75% through the same time frame. I believe that receiving a high dividend income, even though price movement may disappoint, may help offset this underperformance and make it easier to hold through unfavorable market conditions. We can see that in a measure of total return, Reaves Utility Income Trust ( NYSE: UTG ) has outperformed
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BKH
News
- Black Hills Corp. Announces Pricing of $450 Million Debt OfferingGlobeNewswire
- Black Hills Co. (NYSE: BKH) had its price target raised by analysts at Wells Fargo & Company from $56.00 to $61.00. They now have an "equal weight" rating on the stock.MarketBeat
- Black Hills Corporation (NYSE:BKH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Black Hills Co. (NYSE: BKH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Black Hills Corp. Reports 2024 First-Quarter Results and Reaffirms 2024 Earnings Guidance [Yahoo! Finance]Yahoo! Finance
BKH
Earnings
- 2/7/24 - Beat
BKH
Sec Filings
- 5/16/24 - Form 8-K
- 5/14/24 - Form 424B2
- 5/13/24 - Form FWP
- BKH's page on the SEC website