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.