IDACORP, Inc. (IDA) to Issue Quarterly Dividend of $0.88 on August 31st

IDACORP, Inc. (NYSE:IDA) declared a quarterly dividend on Thursday, July 16th. Shareholders 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 2.4%. The ex-dividend date of this dividend is Wednesday, August 5th.

IDACORP has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. IDACORP has a 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 Performance

Shares of NYSE IDA opened at $148.80 on Friday. The firm’s 50-day moving average price is $144.74 and its 200-day moving average price is $141.10. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The company has a market cap of $8.25 billion, a PE ratio of 24.76, a PEG ratio of 3.01 and a beta of 0.48. IDACORP has a 52-week low of $119.42 and a 52-week high of $154.91.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $403.41 million for the quarter, compared to analysts’ expectations of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same quarter last year, the company posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, analysts anticipate that IDACORP will post 6.39 EPS for the current 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.