IDACORP Increases Common Stock Dividend
IDACORP, Inc. (NYSE: IDA) has announced an increase in its regular quarterly cash dividend to $0.86 per share, resulting in an indicated annual dividend of $3.44 per share. This marks the company's 13th consecutive year of dividend increases since 2011, with a cumulative increase of 187% and a compound annual growth rate of 7.8%.
CEO Lisa Grow highlighted the company's commitment to reinvesting in Idaho Power's growth while managing dilution. IDACORP expects to decouple dividend and earnings per share growth rates, maintaining a long-term target dividend payout ratio of 60% to 70% of sustainable earnings. However, the near-term payout ratio may fall below this range. The actual dividend declaration and approval remain at the Board's discretion, considering various financial and economic factors.
IDACORP, Inc. (NYSE: IDA) ha annunciato un aumento del suo dividendo cash trimestrale regolare a $0.86 per azione, portando a un dividendo annuale indicato di $3.44 per azione. Questo segna il 13° anno consecutivo di aumenti dei dividendi dal 2011, con un aumento cumulativo del 187% e un tasso di crescita annuale composto del 7.8%.
Il CEO Lisa Grow ha evidenziato l'impegno dell'azienda nel reinvestire nella crescita di Idaho Power, gestendo al contempo la diluizione. IDACORP si aspetta di scindere i tassi di crescita del dividendo e dell'utile per azione, mantenendo un rapporto di distribuzione dei dividendi target a lungo termine del 60% al 70% degli utili sostenibili. Tuttavia, il rapporto di distribuzione a breve termine potrebbe scendere al di sotto di questo intervallo. La dichiarazione e l'approvazione effettiva del dividendo rimangono a discrezione del Consiglio, prendendo in considerazione vari fattori finanziari ed economici.
IDACORP, Inc. (NYSE: IDA) ha anunciado un aumento en su dividendo en efectivo trimestral regular a $0.86 por acción, resultando en un dividendo anual indicado de $3.44 por acción. Esto marca el 13° año consecutivo de aumentos en los dividendos desde 2011, con un aumento acumulativo del 187% y una tasa de crecimiento anual compuesta del 7.8%.
La CEO Lisa Grow destacó el compromiso de la empresa de reinvertir en el crecimiento de Idaho Power mientras gestiona la dilución. IDACORP espera desacoplar las tasas de crecimiento de dividendos y ganancias por acción, manteniendo una relación objetivo de pago de dividendos del 60% al 70% de las ganancias sostenibles a largo plazo. Sin embargo, la relación de pago a corto plazo podría caer por debajo de este rango. La declaración y aprobación real del dividendo quedan a la discreción de la Junta, considerando varios factores financieros y económicos.
IDACORP, Inc. (NYSE: IDA)는 정기 분기 현금 배당금을 주당 $0.86로 인상한다고 발표했습니다. 이는 주당 $3.44의 예상 연간 배당금으로 이어집니다. 이는 2011년 이후 13년 연속 배당금 인상을 의미하며, 누적 증가율은 187%이고 연평균 복리 성장률은 7.8%입니다.
CEO 리사 그로우는 아이다호 파워의 성장에 재투자하겠다는 회사의 의지를 강조하며 희석화를 관리하고 있습니다. IDACORP는 배당금과 주당 순이익의 성장률을 분리할 것으로 기대하며, 지속 가능한 수익의 60%에서 70%의 장기 목표 배당금 지급 비율을 유지할 계획입니다. 그러나 단기적으로 지급 비율은 이 범위 아래로 떨어질 수 있습니다. 실제 배당금 선언 및 승인은 다양한 재무 및 경제적 요인을 고려하여 이사회 재량에 달려 있습니다.
IDACORP, Inc. (NYSE: IDA) a annoncé une augmentation de son dividende en espèces trimestriel régulier à 0,86 $ par action, ce qui conduit à un dividende annuel indicatif de 3,44 $ par action. Cela marque la 13e année consécutive d'augmentations de dividendes depuis 2011, avec une augmentation cumulative de 187 % et un taux de croissance annuel composé de 7,8 %.
La PDG Lisa Grow a souligné l'engagement de la société à réinvestir dans la croissance d'Idaho Power tout en gérant la dilution. IDACORP s'attend à dissocier les taux de croissance des dividendes et des bénéfices par action, en maintenant un ratio cible de distribution des dividendes à long terme de 60 % à 70 % des bénéfices durables. Cependant, le ratio de distribution à court terme pourrait tomber en dessous de cette fourchette. La déclaration et l'approbation réelles des dividendes restent à la discrétion du conseil d'administration, en tenant compte de divers facteurs financiers et économiques.
IDACORP, Inc. (NYSE: IDA) hat eine Erhöhung seiner regulären vierteljährlichen Bardividende auf $0.86 pro Aktie angekündigt, was zu einer angegebenen jährlichen Dividende von $3.44 pro Aktie führt. Dies markiert das 13. aufeinanderfolgende Jahr von Dividendenerhöhungen seit 2011, mit einem kumulierten Anstieg von 187% und einer jährlichen Wachstumsrate von 7.8%.
CEO Lisa Grow hob das Engagement des Unternehmens hervor, in das Wachstum von Idaho Power reinvestieren zu wollen, während gleichzeitig die Verwässerung verwaltet wird. IDACORP erwartet, die Wachstumsraten von Dividende und Gewinn pro Aktie zu entkoppeln und einen langfristigen Ziel-Dividendenzahlsatz von 60% bis 70% der nachhaltigen Gewinne aufrechtzuerhalten. Der kurzfristige Ausschüttungsgrad könnte jedoch unter diesen Bereich fallen. Die tatsächliche Dividendenbekanntgabe und -genehmigung bleibt im Ermessen des Vorstands, wobei verschiedene finanzielle und wirtschaftliche Faktoren berücksichtigt werden.
- Increased quarterly cash dividend to $0.86 per share
- 13 consecutive years of dividend increases since 2011
- 187% cumulative dividend increase since 2011
- 7.8% compound annual dividend growth rate since 2011
- Long-term commitment to growing dividends
- Target dividend payout ratio of 60% to 70% of sustainable earnings
- Potential for near-term dividend payout ratio to fall below target range
- Decoupling of dividend and earnings per share growth rates
- Increased capital expenditure needs due to customer and load growth
“IDACORP’s Board of Directors has approved a dividend increase every year since 2011, resulting in a cumulative dividend increase of
“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 ratio of
The actual declaration of dividend payments and the approval of management’s recommendations are at the discretion of the Board of Directors. In determining future dividend actions, the Board of Directors will continue to consider factors such as projected capital requirements, the company’s liquidity position and overall financial condition, the competitiveness of the dividend yield, economic conditions, equity dilution, impacts to credit ratings, and other factors. The dividend declaration, ex-dividend, record, and payable dates will be announced during the fourth quarter of 2024.
Background Information
IDACORP, Inc. (NYSE: IDA),
Forward-Looking Statements
In addition to the historical information contained in this press release, this press release contains (and oral communications made by IDACORP, Inc. (IDACORP) and Idaho Power Company (Idaho Power) may contain) statements regarding future dividends and IDACORP’s growth and dividend rates that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance, often, but not always, through the use of words or phrases such as "anticipates," "believes," "could," "estimates," "expects," "intends," "potential," "plans," "predicts," "preliminary," "projects," "targets," "may," "may result," "may continue," or similar expressions, are not statements of historical facts and may be forward-looking. Forward-looking statements are not guarantees of future performance, involve estimates, assumptions, risks, and uncertainties, and may differ materially from actual results, performance, or outcomes. In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes to differ materially from those contained in forward-looking statements include those factors set forth in this press release, IDACORP's and Idaho Power's most recent Annual Report on Form 10-K, particularly Part I, Item 1A - "Risk Factors" and Part II, Item 7 - "Management’s Discussion and Analysis of Financial Condition and Results of Operations" of that report, and subsequent reports filed by IDACORP and Idaho Power with the
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Investor and Analyst Contact
Amy Shaw
Vice President of Finance, Compliance & Risk
Phone: (208) 388-5611
AShaw@idahopower.com
Media Contact
Jordan Rodriguez
Corporate Communications
Phone: (208) 388-2460
JRodriguez@idahopower.com
Source: IDACORP, Inc.
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