IDACORP Inc (IDA) Declares $0.59 Quarterly Dividend

IDACORP Inc (NYSE:IDA) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Stockholders of record on Monday, February 5th will be given a dividend of 0.59 per share by the coal producer on Wednesday, February 28th. This represents a $2.36 annualized dividend and a dividend yield of 2.82%.

IDACORP has increased its dividend by an average of 8.4% annually over the last three years and has increased its dividend every year for the last 6 years. IDACORP has a dividend payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Analysts expect IDACORP to earn $4.16 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 56.7%.

Shares of IDACORP (NYSE IDA) opened at $83.71 on Friday. The company has a market capitalization of $4,249.65, a P/E ratio of 20.37, a PEG ratio of 4.98 and a beta of 0.55. IDACORP has a 1-year low of $78.05 and a 1-year high of $100.04. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, November 2nd. The coal producer reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.14. IDACORP had a return on equity of 9.44% and a net margin of 15.46%. The business had revenue of $408.32 million during the quarter. During the same quarter last year, the company posted $1.65 EPS. sell-side analysts expect that IDACORP will post 4.11 EPS for the current year.

Several equities research analysts recently issued reports on IDA shares. ValuEngine upgraded IDACORP from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Bank of America started coverage on IDACORP in a report on Tuesday, January 9th. They set an “underperform” rating and a $85.00 price target for the company. Zacks Investment Research downgraded IDACORP from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of IDACORP in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.00.

COPYRIGHT VIOLATION WARNING: This piece was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3145529/idacorp-inc-ida-declares-0-59-quarterly-dividend.html.

IDACORP Company Profile

IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.

Dividend History for IDACORP (NYSE:IDA)

Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.