IDACORP Increases Common Stock Dividend From $0.83 To $0.86
Portfolio Pulse from Benzinga Newsdesk
IDACORP has announced an increase in its common stock dividend from $0.83 to $0.86. This move reflects the company's strong financial position and commitment to returning value to shareholders.
September 20, 2024 | 8:32 pm
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IDACORP has increased its quarterly dividend from $0.83 to $0.86, indicating a positive outlook on its financial health and a commitment to shareholder returns.
The increase in dividend suggests that IDACORP is confident in its financial stability and future cash flows, which is typically viewed positively by investors. This can lead to a short-term increase in stock price as it attracts income-focused investors.
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