9 Best High-Yield Dividend Growth Stocks to Buy Now

4. Black Hills Corporation (NYSE:BKH)

Number of Hedge Fund Investors: 27

South Dakota-based natural gas company Black Hills Corporation (NYSE:BKH) has a dividend yield of about 4.7%, and Black Hills Corporation (NYSE:BKH) has upped its dividend for 54 years without a break. Black Hills Corporation (NYSE:BKH) provides natural gas and electricity to residents in South Dakota. Since the pandemic Black Hills Corporation’s (NYSE:BKH) net income has seen consistent increases despite headwinds in the utilities sector, thanks to the company’s smart cost adjustments and capital discipline.  Black Hills Corporation (NYSE:BKH) expects long-term EPS growth to come in at 4% – 6%. Black Hills Corporation (NYSE:BKH) also plans to allocate $4.3 billion through 2024 – 2028 in future growth.

Analysts believe one of the biggest growth catalysts for Black Hills Corporation (NYSE:BKH) is an expected rise in population in South Dakota as housing is cheaper (relatively) and job opportunities are growing. Black Hills Corporation (NYSE:BKH) has been able to raise dividends despite headwinds in the industry. In January, Black Hills Corporation (NYSE:BKH) upped its dividend by 4%.