IDACORP, Inc. (IDA) will raise its quarterly dividend by 7.3 percent to $0.59 per share. The new dividend is payable November 30, 2017 to holders of record at the close of business on November 6, 2017.

"IDACORP's Board of Directors has approved a dividend increase every year from 2012 forward," said Darrel Anderson, IDACORP President and Chief Executive Officer. "Cumulatively, these changes represent an increase of 97 percent in IDACORP's quarterly dividend. As customer and earnings growth has continued, we have also been able to grow our dividend payments to shareholders.

IDACORP, Inc. is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978.