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

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Monday, January 12th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.535 per share on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, January 30th. This is a 5.4% increase from Alliant Energy’s previous quarterly dividend of $0.51.

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 59.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alliant Energy to earn $3.45 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 58.8%.

Alliant Energy Stock Up 1.5%

Shares of LNT stock traded up $1.00 during trading hours on Tuesday, reaching $66.17. 2,570,450 shares of the company’s stock were exchanged, compared to its average volume of 2,131,938. The stock has a market cap of $17.01 billion, a PE ratio of 20.81, a PEG ratio of 2.64 and a beta of 0.67. Alliant Energy has a 1 year low of $56.81 and a 1 year high of $69.75. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The stock’s fifty day moving average price is $66.32 and its two-hundred day moving average price is $65.64.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $1.15 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Research analysts predict that Alliant Energy will post 3.23 EPS for the current 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.