IDACORP, Inc. (NYSE:IDA) to Issue Dividend Increase – $0.90 Per Share

IDACORP, Inc. (NYSE:IDA) declared a quarterly dividend on Thursday, October 15th. Investors of record on Thursday, November 5th will be given a dividend of $0.90 per share by the energy company on Monday, November 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 5th. This is a 2.3% increase from IDACORP’s previous quarterly dividend of $0.88.

IDACORP has a payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect IDACORP to earn $6.92 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 50.9%.

IDACORP Stock Performance

NYSE IDA opened at $136.60 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. IDACORP has a 1 year low of $124.12 and a 1 year high of $154.91. The company has a market capitalization of $7.90 billion, a PE ratio of 22.62, a P/E/G ratio of 2.37 and a beta of 0.48. The company has a fifty day moving average of $135.53 and a two-hundred day moving average of $141.72.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%. The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $511.87 million. During the same quarter in the previous year, the firm earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, analysts expect that IDACORP will post 6.39 earnings per share for the current year.

IDACORP Company Profile

IDACORP, Inc (NYSE: IDA) is an energy holding company headquartered in Boise, Idaho. Its principal subsidiary, Idaho Power Company, is a regulated electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves a broad territory covering southern Idaho and eastern Oregon. Its electricity supply portfolio includes hydroelectric generation, natural gas and other thermal resources, as well as power purchased from renewable and other third-party sources.