How IDACORP’s (IDA) 13th Straight Dividend Hike May Shape Its Long-Term Growth Story

• IDACORP announced a quarterly dividend of US$0.88 per share, payable on December 1, 2025, to shareholders of record as of November 5, 2025, continuing a 55-year streak of dividend payments and marking the 13th consecutive annual increase.
• This ongoing track record of growing dividends, combined with robust second-quarter earnings driven by higher retail revenues and a rising customer count, highlights the company's financial resilience and adaptability in a changing utility landscape.
• We'll explore how the dividend increase and steady earnings performance may impact IDACORP's investment narrative centered on long-term demand and earnings growth.

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IDACORP Investment Narrative Recap

To be comfortable as an IDACORP shareholder, you need to believe in the company’s ability to deliver long-term earnings growth supported by sustained demand for electricity, despite weather dependencies and regulatory scrutiny. The recent dividend increase underscores confidence in future cash flows, but does not materially resolve IDACORP’s most important short-term catalyst: successfully gaining regulatory approval for ongoing capital investments needed to meet rapid customer and load growth. The biggest risk, delays or unfavorable outcomes in these proceedings, remains unchanged following this news.

Among recent announcements, the July 31, 2025 earnings guidance update stands out, raising full-year EPS projections to US$5.70 to US$5.85. This signals that management expects robust demand and revenue from new customer projects to translate into higher profits, but investor attention remains sharply focused on whether the regulatory environment will remain supportive enough to translate capital spending into protected returns.

However, despite impressive dividend growth, investors should be mindful of risks tied to regulatory proceedings as...

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

IDACORP's narrative projects $2.3 billion revenue and $441.8 million earnings by 2028. This requires 8.3% yearly revenue growth and a $134.9 million earnings increase from $306.9 million.

Uncover how IDACORP's forecasts yield a $132.67 fair value, in line with its current price.

Exploring Other Perspectives

Simply Wall St Community fair value estimates for IDACORP range from US$99.41 to US$135.00, drawn from 3 different perspectives. With capital investment needs intensifying and regulatory outcomes looming, you’ll want to weigh several viewpoints before making any conclusions on sustainable growth.

Explore 3 other fair value estimates on IDACORP - why the stock might be worth as much as $135.00!

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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