The new quarterly rate follows a previous adjustment made in September of last year, when the company set its dividend at 88 cents per share. At the current annual rate of $3.60, the stock offers a yield of 2.7% based on its most recent closing price of $131.58.
In section Market Quotes
Idacorp Increases Quarterly Dividend Payout
Shareholders of Idacorp will see a boost in their quarterly income as the board of directors authorized a dividend increase of more than 2%. This adjustment marks the fourteenth consecutive year the utility holding company has raised its payout, maintaining a consistent trend of returning capital to investors since 2011.
As the parent company of Idaho Power and Ida-West Energy, Idacorp continues to prioritize its dividend policy as a key component of its financial strategy. This latest move aligns with the firm's long-standing practice of incremental increases, reinforcing its position for institutional and retail investors focused on steady utility-sector returns.
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