IDACORP, Inc. (IDA) to Distribute Quarterly Dividend of $0.90 on November 30th

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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings. Equities 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 traded up $1.65 on Friday, reaching $138.48. 560,295 shares of the company were exchanged, compared to its average volume of 692,133. IDACORP has a 1 year low of $124.12 and a 1 year high of $154.91. The business has a 50-day moving average price of $135.46 and a 200 day moving average price of $141.70. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 2.37 and a beta of 0.48.

IDACORP (NYSE:IDA) last issued its earnings results 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 period last year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities research analysts forecast that IDACORP will post 6.39 earnings per share for the current fiscal year.

About IDACORP

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.