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

IDACORP, Inc. (NYSE:IDA) declared a quarterly dividend on Thursday, July 16th. Investors of record on Wednesday, August 5th will be given a dividend of 0.88 per share by the energy company on Monday, August 31st. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, August 5th.

IDACORP has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. IDACORP has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Analysts expect IDACORP to earn $6.94 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 50.7%.

IDACORP Stock Up 1.2%

Shares of NYSE:IDA opened at $151.04 on Friday. The stock’s 50-day moving average price is $144.65 and its two-hundred day moving average price is $141.04. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. IDACORP has a 12-month low of $117.86 and a 12-month high of $154.91. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.98 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The company had revenue of $403.41 million during the quarter, compared to analysts’ expectations of $437.51 million. During the same quarter in the previous year, the business earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts forecast that IDACORP will post 6.39 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.