Alliant Energy Corporation (LNT) to Issue Quarterly Dividend of $0.54 on May 15th

Alliant Energy Corporation (NASDAQ:LNT) declared a quarterly dividend on Wednesday, April 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.535 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 30th.

Alliant Energy has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Alliant Energy has a payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alliant Energy to earn $3.69 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 58.0%.

Alliant Energy Price Performance

Shares of LNT opened at $72.42 on Tuesday. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.96 and a beta of 0.61. Alliant Energy has a fifty-two week low of $58.97 and a fifty-two week high of $74.40. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. The business’s 50-day moving average is $71.70 and its 200-day moving average is $68.60.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, February 20th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Equities research analysts expect that Alliant Energy will post 3.42 EPS for the current fiscal year.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.