Idacorp hikes dividend by 5.3%

On October 20, 2022, IDACORP, Inc. (IDA) announced that it will raise its quarterly dividend by 5.3 percent to 79 cents per share. This will mark the company's 11th consecutive year of dividend increases.

The next IDA dividend will payable November 30, 2022 to holders of record at the close of business on November 2, 2022. The dividend yield for IDACORP is 3.2% at a stock price of $97.32.

IDACORP, Inc. is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. The company has paid a dividend to shareholders every year since at least 1987.