IDACORP Increases Quarterly Dividend by 7.1% Continuing Annual Growth Streak

Key Facts

1IDACORP's Board of Directors approved an increase in the regular quarterly cash dividend to $0.90 per share.

2The new rate implies an annual dividend of $3.60 per share, continuing a streak of annual increases since 2011.

In a move reflecting the robust financial health of the utility sector, IDACORP has announced an increase in its regular cash dividends. According to reports, the company's Board of Directors approved raising the quarterly dividend to $0.90 per share, representing a 7.1% increase from the previous rate. This decision underscores management's confidence in the firm's ability to maintain sustainable cash flows.

The new rate implies an annual dividend of $3.60 per share, continuing a consistent streak of annual increases that dates back to 2011. Since that year, the company has achieved a cumulative dividend growth of 200%. This long-standing corporate strategy is typical for the utility sector, where consistent shareholder returns are prioritized to maintain investor appeal in various market conditions.

Shares of IDA closed at $133.24 (as of September 17, 2026) per market data, with a daily trading range between $132.97 and $134.2. While the upcoming economic calendar shows no immediate catalysts specifically for the company, investors will likely monitor the stock's yield attractiveness at current price levels following this dividend hike.