IDACORP Inc (NYSE:IDA) announced a quarterly dividend on Thursday, October 15th, Zacks reports. Investors of record on Thursday, November 5th will be paid a dividend of 0.71 per share by the energy company on Monday, November 30th. This represents a $2.84 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, November 4th. This is a positive change from IDACORP’s previous quarterly dividend of $0.67.
IDACORP has raised its dividend payment by 23.1% over the last three years and has increased its dividend every year for the last 8 years.
Shares of IDACORP stock opened at $87.11 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of 18.77, a P/E/G ratio of 7.39 and a beta of 0.46. The company has a 50-day simple moving average of $84.75 and a two-hundred day simple moving average of $88.98. IDACORP has a one year low of $69.05 and a one year high of $113.58. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.60 and a current ratio of 1.85.
In other IDACORP news, Director Christine King sold 3,273 shares of IDACORP stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $91.79, for a total transaction of $300,428.67. Following the completion of the sale, the director now owns 8,919 shares of the company’s stock, valued at approximately $818,675.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey L. Malmen sold 1,300 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $81.70, for a total value of $106,210.00. 0.53% of the stock is owned by company insiders.
Separately, Sidoti reduced their price target on IDACORP from $108.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. IDACORP presently has a consensus rating of “Buy” and a consensus target price of $102.83.
IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.
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