IDACORP, Inc. (NYSE:IDA) Announces Quarterly Dividend of $0.88

IDACORP, Inc. (NYSE:IDA) declared a quarterly dividend on Thursday, January 15th. Investors of record on Thursday, February 5th will be paid a dividend of 0.88 per share by the energy company on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 5th.

IDACORP has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. IDACORP has a dividend payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect IDACORP to earn $6.47 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 54.4%.

IDACORP Stock Up 0.3%

Shares of NYSE IDA opened at $132.58 on Friday. The business’s fifty day moving average price is $127.92 and its 200-day moving average price is $126.96. The stock has a market capitalization of $7.16 billion, a PE ratio of 22.78, a P/E/G ratio of 2.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.82. IDACORP has a one year low of $106.93 and a one year high of $138.03.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, October 30th. The energy company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. IDACORP had a return on equity of 9.35% and a net margin of 17.59%.The business had revenue of $524.42 million for the quarter, compared to the consensus estimate of $663.09 million. During the same quarter last year, the business posted $2.12 earnings per share. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS. On average, equities research analysts anticipate that IDACORP will post 5.81 EPS for the current year.

IDACORP Company Profile

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.