Alliant Energy Co. (NASDAQ:LNT) Plans $0.40 Quarterly Dividend

Alliant Energy Co. (NASDAQ:LNT) declared a quarterly dividend on Tuesday, July 20th, investing.com reports. Investors of record on Friday, July 30th will be paid a dividend of 0.4025 per share on Monday, August 16th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 29th.

Alliant Energy has increased its dividend payment by 20.6% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of Alliant Energy stock opened at $58.31 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.39 and a current ratio of 0.54. The company has a market capitalization of $14.59 billion, a P/E ratio of 24.19, a PEG ratio of 4.08 and a beta of 0.35. The company’s 50 day simple moving average is $57.31. Alliant Energy has a 52 week low of $45.99 and a 52 week high of $59.23.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Wednesday, May 5th. The company reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. The business had revenue of $901.00 million during the quarter, compared to the consensus estimate of $946.43 million. Alliant Energy had a return on equity of 10.69% and a net margin of 18.40%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities analysts predict that Alliant Energy will post 2.58 EPS for the current year.

A number of research firms have issued reports on LNT. TheStreet upgraded Alliant Energy from a “c+” rating to a “b” rating in a report on Monday, April 26th. Argus increased their price objective on Alliant Energy from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, June 11th. Barclays increased their price objective on Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 25th. Mizuho upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $50.00 to $61.00 in a report on Tuesday, May 18th. Finally, Bank of America downgraded Alliant Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $60.89 to $58.00 in a report on Thursday, July 8th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $58.11.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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Dividend History for Alliant Energy (NASDAQ:LNT)

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