Alliant Energy Corporation (LNT) to Issue Quarterly Dividend of $0.54 on November 16th

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.5350 per share on Monday, November 16th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, October 30th.

Alliant Energy has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 22 years. Alliant Energy has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alliant Energy to earn $3.66 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 58.5%.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $70.04 on Wednesday. Alliant Energy has a one year low of $62.54 and a one year high of $78.81. The business has a fifty day moving average price of $66.92 and a 200-day moving average price of $70.40.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter last year, the firm posted $0.68 earnings per share. Alliant Energy’s revenue for the quarter was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities research analysts anticipate that Alliant Energy will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LNT shares. TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Barclays set a $68.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, September 20th. HSBC assumed coverage on shares of Alliant Energy in a research report on Thursday, October 22nd. They issued a “hold” rating and a $69.50 price target for the company. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a research note on Wednesday, October 14th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Moderate Buy” and an average target price of $74.68.

About Alliant Energy

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.