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

IDACORP, Inc. (NYSE:IDA) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Wednesday, August 5th will be paid 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 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 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. Research 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 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 stock has a market capitalization of $8.37 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.98 and a beta of 0.48. The stock’s 50-day moving average price is $144.65 and its 200-day moving average price is $141.04.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 earnings per share 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 business had revenue of $403.41 million for the quarter, compared to analysts’ expectations of $437.51 million. During the same period in the previous year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities analysts anticipate that IDACORP will post 6.39 earnings per share 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.