Dividend Hike and Board Change Might Change the Case for Investing in IDACORP (IDA)

• On September 19, 2025, IDACORP, Inc. announced that Judith A. Johansen will retire from the Boards of Directors at year-end and approved an increase in its regular quarterly cash dividend to US$0.88 per share, equating to US$3.52 annually.
• The dividend increase indicates management’s confidence in IDACORP’s financial position and commitment to shareholder returns, while upcoming board changes may influence long-term governance priorities.
• With the board raising its dividend, we’ll explore how this action could influence IDACORP’s outlook and investment narrative going forward.

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IDACORP Investment Narrative Recap

For shareholders in IDACORP, belief in the utility’s ability to capture growing demand from sustained customer and industrial expansion, while navigating regulatory hurdles and major capital spending, is essential. The latest news of a board retirement and an increased dividend does not materially shift the immediate outlook; instead, factors like regulatory approvals for cost recovery and the outcome of pending rate cases remain far more consequential in the near term, while exposure to climate-related risks continues to loom large for the business.

The recent approval of a higher quarterly dividend to US$0.88 per share, equating to US$3.52 annually, stands out as the most relevant announcement. This move reinforces management’s focus on delivering shareholder returns and reflects a pattern of incremental increases in recent years, even as rising investment needs and regulatory decisions continue to serve as the biggest catalysts for IDACORP’s expected earnings and returns.

However, unlike the reassuring tone of growing dividends, investors should be aware that potential regulatory setbacks...

Read the full narrative on IDACORP (it's free!)

IDACORP's outlook anticipates $2.3 billion in revenue and $441.8 million in earnings by 2028. This is based on a projected annual revenue growth rate of 8.3% and an increase in earnings of $134.9 million from the current $306.9 million.

Uncover how IDACORP's forecasts yield a $132.67 fair value, a 6% upside to its current price.

Exploring Other Perspectives

Three members of the Simply Wall St Community provided fair value targets for IDACORP between US$99.92 and US$135, capturing a wide spectrum of investor outlooks. This diversity is especially relevant as future regulatory decisions could have a significant impact on earnings predictability and shareholder returns, reminding you to weigh several viewpoints when assessing opportunity and risk.

Explore 3 other fair value estimates on IDACORP - why the stock might be worth as much as 7% more than the current price!

Build Your Own IDACORP Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your IDACORP research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free IDACORP research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate IDACORP's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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