Idacorp's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Idacorp (NYSE:IDA) has announced a quarterly dividend of 83 cents per share, which will be paid out to shareholders on November 30, 2023. The ex-dividend date is Tuesday, meaning the stock will likely open 83 cents lower to reflect the payout. Shareholders who own IDA as of the end of Monday's session are eligible to receive the dividend.
October 26, 2023 | 2:45 pm
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Idacorp's announcement of a quarterly dividend of 83 cents per share may lead to a short-term decrease in the stock price due to the ex-dividend date effect. However, the dividend payout could also be seen as a positive signal to investors.
The ex-dividend date often leads to a decrease in the stock price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can also be seen as a positive signal by investors, indicating the company's profitability and its ability to return capital to shareholders.
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