Alliant Energy Corporation (NASDAQ:LNT) Declares Quarterly Dividend of $0.54

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Wednesday, April 15th. Stockholders of record on Thursday, April 30th will be given 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 2.9%. The ex-dividend date is Thursday, April 30th.

Alliant Energy has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Alliant Energy has a dividend payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Alliant Energy to earn $3.45 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 62.0%.

Alliant Energy Price Performance

Shares of NASDAQ LNT traded up $0.59 during midday trading on Thursday, reaching $72.77. The company’s stock had a trading volume of 2,130,190 shares, compared to its average volume of 2,498,259. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. Alliant Energy has a fifty-two week low of $58.67 and a fifty-two week high of $74.40. The business’s 50 day moving average price is $71.12 and its two-hundred day moving average price is $68.31. The company has a market cap of $18.80 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.96 and a beta of 0.61.

Alliant Energy (NASDAQ:LNT) last released its quarterly 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. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. During the same period in the previous year, the business earned $0.70 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that Alliant Energy will post 3.23 EPS for the current fiscal year.

Alliant Energy Company Profile

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.