Alliant Energy Corporation (NASDAQ:LNT) Raises Dividend to $0.54 Per Share

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Monday, January 12th. Stockholders 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 dividend yield of 3.2%. The ex-dividend date of this dividend 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 payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 22 years. Alliant Energy has a dividend payout ratio of 59.0% indicating that 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 $2.03 annual dividend with an expected future payout ratio of 58.8%.

Alliant Energy Price Performance

Shares of LNT stock traded up $1.00 during trading hours on Tuesday, hitting $66.17. 2,570,450 shares of the company’s stock were exchanged, compared to its average volume of 2,131,938. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67. The stock’s 50-day moving average is $66.32 and its 200-day moving average is $65.64. Alliant Energy has a 52 week low of $56.81 and a 52 week high of $69.75.

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