IDACORP, Inc. (NYSE:IDA) Increases Dividend to $0.90 Per Share

IDACORP, Inc. (NYSE:IDA) announced 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 annualized dividend 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 Price Performance

Shares of IDA stock opened at $136.60 on Friday. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.37 and a beta of 0.48. The business’s fifty day moving average is $135.53 and its 200 day moving average is $141.72. IDACORP has a twelve month low of $124.12 and a twelve month high of $154.91. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

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