Alliant Energy Corporation (NASDAQ:LNT) Shareholders to Get $0.54 Quarterly Dividend

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Thursday, October 15th. Shareholders 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 yield of 3.2%. The ex-dividend date is Friday, October 30th.

Alliant Energy has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Alliant Energy has a payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.6%

NASDAQ:LNT opened at $67.10 on Friday. The stock has a 50-day simple moving average of $67.01 and a 200-day simple moving average of $71.05. The stock 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 has a 1 year low of $62.54 and a 1 year high of $78.81. 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 (NASDAQ:LNT) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the prior year, the business posted $0.68 EPS. The business’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. As a group, analysts anticipate that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LNT shares. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th. Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a $75.00 price objective on shares of Alliant Energy in a research report on Monday. TD Cowen assumed 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. Finally, BMO Capital Markets restated an “outperform” rating and issued a $75.00 target price on shares of Alliant Energy in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus target price of $75.09.

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.