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IdaCorp Raises Dividend 13%

Idaho electric utility IdaCorp (NYSE: IDA  ) announced today its third-quarter dividend of $0.43 per share, a 13% increase over the payout made to investors last quarter of $0.38 per share. The new higher payout to investors was announced last month.

The board of directors said the quarterly dividend is payable on December 2 to holders of record at the close of business on November 6. The regular dividend payment equates to a $1.72-per-share annual dividend, yielding 3.4% based on the closing price today of IdaCorp's stock.

Editor's note: A previous version of this article had an incorrect percent increase in the headline.

IDA Dividend Chart

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  • Report this Comment On October 18, 2013, at 10:45 AM, GKwinners wrote:

    Check your title. The dividend was increased 13.2 percent, not 1 percent. Also, this dividend increase was announced on September 19th, 2013.

  • Report this Comment On October 18, 2013, at 11:09 AM, TMFCop wrote:

    GKwinners,

    Thanks for catching that. I have a "three" key problem on my keyboard that doesn't always work. I caught it in the body of the article but obviously not in the title. And I did mention it was announced last month.

    Thanks for reading and holding my feet to the fire!

    Cheers,

    Rich

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