Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
IDACORP’s common stock, without par value, is traded on the New York Stock Exchange under the trading symbol "IDA". On February 10, 2023, there were 7,447 holders of record of IDACORP common stock. The outstanding shares of Idaho Power’s common stock, $2.50 par value, are held by IDACORP and are not traded. IDACORP became the holding company of Idaho Power on October 1, 1998.
For information regarding IDACORP's dividend policy, see Part II - Item 7 - "Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources - Dividends" in this report. For information relating to restrictions on dividends see, Note 6 - "Common Stock" to the consolidated financial statements in this report.
IDACORP did not repurchase any shares of its common stock during the fourth quarter of 2022.
Performance Graph
The graph below shows a comparison of the five-year cumulative total shareholder return for IDACORP common stock, the S&P 500 Index, and the Edison Electric Institute (EEI) Electric Utilities Index. The data assumes that $100 was invested on December 31, 2017, with beginning-of-period weighting of the peer group indices (based on market capitalization) and monthly compounding of returns.
Source: Bloomberg and EEI
2017 2018 2019 2020 2021 2022
IDACORP $ 100.00 $ 104.56 $ 123.06 $ 113.86 $ 138.29 $ 135.44
S&P 500 100.00 95.61 125.71 148.83 191.51 156.79
EEI Electric Utilities Index 100.00 103.67 130.41 128.89 150.96 152.70
The foregoing performance graph and data shall not be deemed “filed” as part of this Form 10-K for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference into any other filing of IDACORP or Idaho Power under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent IDACORP or Idaho Power specifically incorporates it by reference into such filing.
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