Alliant Energy Corporation Declares Quarterly Dividend
LNT Stock Declares Quarterly Cash Dividend
Utility companies have been some of the most solid dividend payers in the U.S. stock market, with Alliant Energy Corporation (NYSE:LNT) being the latest example.
Headquartered in Madison, Wisconsin, Alliant Energy is a regulated electric and natural gas utility company. It has approximately 960,000 electric customers and 410,000 natural gas customers located in Iowa and Wisconsin.
On Monday, January 15, Alliant Energy announced that its Board of Directors declared a quarterly cash dividend of $0.335 per share. The dividend is payable on February 15, 2018, to shareholders of record as of January 31, 2018. (Source: “Alliant Energy Corporation declares quarterly common stock dividend; announces redemption of shareholder rights plan,” Alliant Energy Corporation, January 15, 2018.)
At the same time, the company also announced that it will redeem all outstanding common stock purchase rights issued under its shareholder rights plan adopted in January 1999. Commonly known as a “poison pill,” a shareholder rights plan gives shareholders the right to buy more shares at a discount if one shareholder acquires more than a certain percentage of the company’s shares. It is a strategy used by companies to discourage hostile takeovers.
In the press release, Alliant Energy Chairman and Chief Executive Officer Patricia Kampling remarked that “The board’s vote to redeem the rights plan is further evidence of Alliant Energy’s commitment to strong and responsive corporate governance.” (Source: Ibid.)
Trading at $39.53 apiece, Alliant Energy stock has an annual dividend yield of 3.2%.
To give you some perspective, the S&P 500 Index, which Alliant Energy Corporation is a member of, has an average dividend yield of 1.7%.
Other than offering a yield that’s substantially higher than the benchmark, LNT stock also stands out in terms of dividend growth. The company has raised its quarterly dividend rate every year since 2004.
Dear Reader: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. We are 100% independent in that we are not affiliated with any bank or brokerage house. Information contained herein, while believed to be correct, is not guaranteed as accurate. Warning: Investing often involves high risks and you can lose a lot of money. Please do not invest with money you cannot afford to lose. The opinions in this content are just that, opinions of the authors. We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only; nothing herein should be considered personalized investment advice. Before you make any investment, check with your investment professional (advisor). We urge our readers to review the financial statements and prospectus of any company they are interested in. We are not responsible for any damages or losses arising from the use of any information herein. Past performance is not a guarantee of future results. All registered trademarks are the property of their respective owners
Sign up to receive our FREE Income Investors newsletter along with our special offers and get our FREE report:
5 Dividend Stocks to Own Forever
This is an entirely free service. No credit card required. You can opt-out at anytime.
We hate spam as much as you do.