IdaCorp (IDA) is a Top Dividend Stock Right Now: Should You Buy?

Company Overview - IdaCorp (IDA) is a utility company headquartered in Boise, Idaho, with a year-to-date price change of 9.28% [3] - The company currently pays a dividend of $0.88 per share, resulting in a dividend yield of 2.55%, which is lower than the Utility - Electric Power industry's yield of 2.79% but higher than the S&P 500's yield of 1.36% [3] Dividend Performance - IdaCorp's annualized dividend of $3.52 has increased by 1.7% from the previous year [4] - Over the past five years, the company has raised its dividend five times, achieving an average annual increase of 5.14% [4] - The current payout ratio is 59%, indicating that the company distributes 59% of its trailing 12-month earnings per share as dividends [4] Earnings Growth and Future Outlook - For the fiscal year, IdaCorp anticipates solid earnings growth, with the Zacks Consensus Estimate for 2026 projected at $6.42 per share, reflecting a year-over-year growth rate of 8.81% [5] - The company is positioned as an attractive dividend investment, supported by a strong Zacks Rank of 2 (Buy) [6]