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

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.535 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 31st.

Alliant Energy has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Alliant Energy to earn $3.68 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 58.2%.

Alliant Energy Stock Down 1.2%

Shares of LNT stock traded down $0.93 on Friday, hitting $74.82. 2,019,665 shares of the stock were exchanged, compared to its average volume of 2,484,935. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $19.32 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 3.04 and a beta of 0.55. The business has a 50-day moving average of $73.90 and a 200 day moving average of $71.23. Alliant Energy has a fifty-two week low of $63.28 and a fifty-two week high of $78.81.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts anticipate that Alliant Energy will post 3.43 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.