Monday Is Your Last Chance To Buy Idacorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Idacorp (NYSE:IDA) has announced a quarterly dividend of 79 cents per share, payable on August 31, 2023. The stock will go ex-dividend on Tuesday, meaning it will likely open 79 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 27, 2023 | 2:45 pm
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Idacorp's announcement of a 79 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract investors looking for income, which can drive up the stock price. However, stocks typically open lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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