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IDACORP, Inc. reports utility earnings, dividend actions, and regulatory developments tied to its Idaho Power subsidiary. The company is a holding company whose primary business is regulated electric utility operations, including the generation, transmission, distribution, sale, and purchase of electric energy and capacity.
Recurring IDACORP news focuses on customer growth, rate changes, earnings guidance, common stock dividends, power supply assumptions, and utility operating costs. Company updates also address infrastructure investment, wildfire mitigation expenses, tax credits under Idaho regulatory mechanisms, and regulatory outcomes affecting Idaho Power customer rates.
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.
Trust Stamp has announced a combined $5 million funding round, including a private offering priced at $15.31 per share under US SEC Regulation D and a future crowdfunding offering under Regulation CF. The private offering is open to accredited investors and aims to close by May 31, 2021, with $1 million already pre-committed. The funds will support marketing initiatives and product development. Trust Stamp's CEO emphasized the growing demand for secure identity solutions in various sectors.
IDACORP, Inc. (NYSE: IDA) reported Q4 2020 net income of $37.5 million ($0.74 per diluted share), down from $47.1 million ($0.93/share) in Q4 2019. For the full year, net income rose to $237.4 million ($4.69/share) compared to $232.9 million ($4.61/share) in 2019. The company achieved its 13th consecutive year of EPS growth driven by 2.7% customer growth at Idaho Power. IDACORP initiated 2021 earnings guidance of $4.60 to $4.80 per share, projecting a return to normal customer usage levels. Challenges from COVID-19 and increased operational costs were noted, but they didn't expect to utilize deferred tax credits this year.
IDACORP, Inc. (NYSE:IDA) is set to announce its fourth quarter results on February 18, prior to market opening. A conference call will follow at 2:30 p.m. MT (4:30 p.m. ET) to discuss these earnings. Interested parties can join via a Webcast or by calling 833-759-1159, using passcode 8561488. IDACORP, based in Boise, Idaho, operates Idaho Power and emphasizes its goal of achieving 100% clean energy by 2045. With a focus on reliable service and low electricity prices, Idaho Power serves over 580,000 customers across a 24,000 square-mile area.
IDACORP, Inc. (NYSE:IDA) has declared a $0.71 common stock dividend per share, set to be paid on March 1, 2021. This payment will benefit shareholders of record as of the close of business on February 5, 2021. This dividend declaration underscores the company's ongoing commitment to delivering value to its investors.