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Stock impact report

IDACORP Increases Common Stock Dividend

IDACORP, Inc. (IDA) 
Last idacorp, inc. earnings: 8/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: idacorpinc.com/investor-relations
Company Research Source: Business Wire
BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) announced today that its Board of Directors approved an increase in the regular quarterly cash dividend on IDACORP’s common stock to $0.86 per share. At the new rate, the indicated dividend is $3.44 per share on an annual basis.“IDACORP’s Board of Directors has approved a dividend increase every year since 2011, resulting in a cumulative dividend increase of 187% and compound annual dividend growth rate of 7.8% since 2011,” said Lisa Grow, IDACORP President and Chief Executive Officer.“As Idaho Power’s unprecedented customer and load growth continues, our capital expenditure needs have significantly increased. We are committed to deliberately reinvesting in Idaho Power’s growth while efficiently managing dilution. As we reinvest and focus on growing our company, we expect to decouple our dividend and earnings per share growth rates. Over the long-term we are committed to growing our dividend and to our target dividend payout Show less Read more
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