Idacorp Stock Price, News & Analysis

IDACORP, Inc. (NYSE:IDA) is set to release its third quarter earnings on Thursday, October 28, prior to market opening. A conference call for analysts will take place at 2:30 p.m. MT to discuss results. The call can be accessed via a live Webcast or by phone, with details available on the company’s website. IDACORP operates Idaho Power, which aims for 100% clean energy by 2045 and serves over 590,000 customers in Idaho and Oregon, emphasizing low-cost electricity from hydropower.

BOISE, Idaho -- IDACORP, Inc. (NYSE: IDA) has announced a 5.6% increase in its quarterly cash dividend to $0.75 per share, translating to an annual dividend of $3.00 per share. This marks the 10th consecutive year of raises, achieving an average growth of 8.6%. The management plans to recommend future increases of 5% or more while maintaining a payout ratio of 60-70% of sustainable earnings. Factors influencing future dividends include capital requirements and liquidity position.

IDACORP reported a net income of $70.0 million for Q2 2021, translating to $1.38 per diluted share, a rise from $60.4 million or $1.19 per share in Q2 2020. Year-to-date net income reached $114.9 million, up from $97.9 million in 2020. Driving factors include strong customer growth (up 2.9%) and increased energy usage due to severe weather. The company raised its full-year earnings guidance to $4.70 - $4.90 per share, expecting robust customer growth and infrastructure investments despite potential COVID-19 impacts.

IDACORP, Inc. (NYSE:IDA) announced a common stock dividend of $0.71 per share, scheduled for payment on August 31, 2021. Shareholders on record at the close of business on August 5, 2021 will be eligible to receive this dividend. This decision reflects the company's commitment to return value to its shareholders.

IDACORP, Inc. (NYSE:IDA) is set to announce its second quarter results on July 29 before market opening, followed by an analyst conference call at 2:30 p.m. Mountain Time. Investors can access the call via Webcast or by dialing in for listen-only mode with passcode 4696145. IDACORP, based in Boise, Idaho, operates through Idaho Power, IDACORP Financial, and Ida-West Energy, focusing on clean energy goals and serving over 590,000 customers across a vast service area.

IDACORP, Inc. (NYSE: IDA) is set to hold its 2021 Annual Meeting of Shareholders on May 20 at 10:00 a.m. Mountain Time, in a virtual-only format. Shareholders can register for the meeting until May 19. CEO Lisa Grow will outline 2020 performance and future initiatives. The meeting will also allow shareholders to vote and submit questions electronically. An audio stream will be available for all, with materials posted on IDACORP's website post-meeting. IDACORP operates Idaho Power, aiming for 100% clean energy by 2045, serving 590,000 customers with low electricity prices.

IDACORP, Inc. (NYSE: IDA) reported a net income of $44.8 million or $0.89 per diluted share for Q1 2021, a rise from $37.5 million or $0.74 per diluted share in Q1 2020. The company experienced a customer growth of 2.9% year-over-year, accelerating to 3.5% in March 2021. Increased transmission revenue due to colder weather and rate hikes offset a minor decline in commercial sales caused by the pandemic. IDACORP maintains its full-year earnings guidance of $4.60 to $4.80 per diluted share, assuming normal weather and ongoing impacts from COVID-19.

IDACORP, Inc. (NYSE:IDA) has announced a common stock dividend of $0.71 per share. This dividend is scheduled for payment on June 1, 2021, to shareholders who are on record as of the close of business on May 5, 2021. This move reflects the company’s ongoing commitment to returning value to its shareholders.

IDACORP, Inc. (NYSE:IDA) is set to report its first quarter results on April 29, 2021, before the market opens. An analyst conference call will be held at 2:30 p.m. MT (4:30 p.m. ET) to discuss earnings. Interested parties can listen via a live Webcast or by calling in. IDACORP, based in Boise, Idaho, operates Idaho Power, which focuses on providing affordable electricity in a 24,000 square-mile area. The company aims for 100% clean energy by 2045 and serves over 580,000 customers.