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

Key Points

• Alliant Energy declared a quarterly dividend of $0.535 per share, payable November 16 to shareholders of record October 30. The annualized dividend is $2.14 per share, representing a 3.2% yield.
• The company has increased its dividend for 22 consecutive years, with a 62.2% current payout ratio and an expected future payout ratio of 58.2%, suggesting earnings adequately cover the dividend.
• Alliant Energy reported quarterly EPS of $0.65, exceeding analysts’ $0.58 estimate, while revenue rose 1% year over year to $971 million. Analysts expect approximately $3.43 in EPS for the current year.

Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be given 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 3.2%. 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 annually for the last 22 consecutive years. Alliant Energy has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of LNT stock opened at $67.10 on Friday. The firm's 50 day moving average price is $67.01 and its 200-day moving average price is $71.05. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. Alliant Energy has a one year low of $62.54 and a one year high of $78.81. The firm has a market cap of $17.40 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.84 and a beta of 0.52.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm had revenue of $971.00 million during the quarter, compared to analysts' expectations of $896.94 million. During the same quarter last year, the company posted $0.68 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts predict that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its 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.

The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.

Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.

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