IDACORP, Inc. (IDA) To Go Ex-Dividend on February 5th

IDACORP, Inc. (NYSE:IDA) announced 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 2.6%. The ex-dividend date of this dividend is Thursday, February 5th.

IDACORP has raised its dividend by an average of 0.1%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% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of IDA stock opened at $134.65 on Friday. The stock’s 50-day moving average is $128.02 and its 200 day moving average is $127.09. IDACORP has a 1-year low of $107.27 and a 1-year high of $138.03. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.82. The company has a market cap of $7.28 billion, a P/E ratio of 23.14, a PEG ratio of 2.58 and a beta of 0.61.

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

About IDACORP

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.