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Looking at the universe of stocks we cover at Dividend Channel, on 2/2/24, Idacorp Inc (Symbol: IDA), SJW Group (Symbol: SJW), and NiSource Inc. (Symbol: NI) will all trade ex-dividend for their respective upcoming dividends. Idacorp Inc will pay its quarterly dividend of $0.83 on 2/28/24, SJW Group will pay its quarterly dividend of $0.40 on 3/1/24, and NiSource Inc. will pay its quarterly dividend of $0.265 on 2/20/24. As a percentage of IDA's recent stock price of $93.51, this dividend works out to approximately 0.89%, so look for shares of Idacorp Inc to trade 0.89% lower — all else being equal — when IDA shares open for trading on 2/2/24. Similarly, investors should look for SJW to open 0.67% lower in price and for NI to open 1.01% lower, all else being equal.

Below are dividend history charts for IDA, SJW, and NI, showing historical dividends prior to the most recent ones declared.

Idacorp Inc (Symbol: IDA):

SJW Group (Symbol: SJW):

NiSource Inc. (Symbol: NI):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.55% for Idacorp Inc, 2.66% for SJW Group, and 4.06% for NiSource Inc..

In Wednesday trading, Idacorp Inc shares are currently off about 1%, SJW Group shares are off about 1.3%, and NiSource Inc. shares are up about 0.1% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.