Black Hills Corporation Announces
37th Consecutive Annual Dividend Increase
For Information Contact:
Mark T. Thies, Executive
Vice President; Dale
T. Jahr, Director, Investor Relations
RAPID CITY, SD—February 5, 2007—At a meeting held February 1, 2007, the Board of Directors of Black Hills Corporation (NYSE: BKH) declared quarterly dividends on the common stock, resulting in the 37th consecutive annual common dividend increase.
Common shareholders will receive 34 cents per share, equivalent to an annual dividend rate of $1.36, an increase of 3.0 percent from the $1.32 paid in 2006. Dividends will be payable March 1, 2007, to all shareholders of record at the close of business on February 15, 2007.
Black Hills Corporation is a diversified energy company. Black Hills Energy, our wholesale energy business 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; and Cheyenne Light, Fuel & Power, an electric
and gas distribution utility serving the Cheyenne, Wyoming vicinity. More information is available
at our Internet web site: www.blackhillscorp.com.
