Black Hills Corporation
Declares Quarterly Dividend
For Information Contact:
Mark T. Thies, Executive
Vice President; Dale
T. Jahr, Director, Investor Relations
RAPID CITY, SD-April 28, 2005-At a meeting
held April 26, 2005, the Board of Directors
of Black Hills Corporation (NYSE: BKH) declared quarterly
dividends on the common and preferred stock.
Common shareholders will receive 32 cents per share, equivalent
to an annual dividend rate
of $1.28. Preferred shareholders, whose holdings are related
to a Company acquisition, will receive $11.663 per share,
an amount which represents 1 percent per annum computed
on the basis of $1,000
per share plus a common stock dividend equivalence. Dividends
will be payable June 1, 2005, to all shareholders of record
at the close of business on May 18, 2005.
Black Hills Corporation is a diversified energy and communications
company. Black Hills Energy, the wholesale energy unit,
generates electricity, produces natural gas, oil and coal,
and markets energy. Our retail businesses are Black Hills
Power, an electric utility serving western South Dakota,
northeastern Wyoming and southeastern Montana; Cheyenne
Light, Fuel & Power, an electric and gas distribution
company serving the Cheyenne, Wyoming vicinity; and Black
Hills FiberCom, a broadband communications company, which
is under a definitive agreement to be sold on or before
June 30, 2005. More information is available at our Internet
web site: www.blackhillscorp.com.
