IDACORP (IDA) Declares $0.67 Quarterly Dividend; Increased Common Stock Dividend Payout Ratio of 60 to 70%

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Go back to IDACORP (IDA) Declares $0.67 Quarterly Dividend; Increased Common Stock Dividend Payout Ratio of 60 to 70%

IDACORP Adopts Increased Common Stock Dividend Payout Ratio of 60 to 70%

November 21, 2019 5:00 PM EST

BOISE, Idaho, Nov. 21, 2019 /PRNewswire/ -- IDACORP, Inc. (NYSE: IDA) announced today that it has adopted a new dividend policy that provides for a target long-term dividend payout ratio of between 60 and 70% of sustainable IDACORP earnings. This is the first time the company has changed the dividend policy for the long-term target dividend payout ratio since 2011, when it established a target long-term dividend payout ratio of between 50 and 60% of sustainable IDACORP earnings.

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