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MADISON, Wis. - Alliant Energy Corporation (NASDAQ:LNT), a utility company with a market capitalization of $16.5 billion, announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.5075 per share, representing a 3.21% yield. The dividend will be payable on August 15, 2025, to shareholders of record as of the close of business on July 31, 2025. According to InvestingPro, the company has raised its dividend for 21 consecutive years.
The utility company, which serves approximately 1 million electric and 430,000 natural gas customers across Iowa and Wisconsin, has maintained a consistent dividend payment history. According to the company’s press release statement, Alliant Energy has paid dividends on common stock for 319 consecutive quarters since 1946, spanning nearly eight decades of uninterrupted payments to shareholders. InvestingPro data confirms this impressive track record, showing 55 consecutive years of maintained dividend payments.
Alliant Energy is recognized as a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividend payments for at least 25 consecutive years.
The company operates through two public energy subsidiaries: Interstate Power and Light Company and Wisconsin Power and Light Company. Alliant Energy is also a component of Bloomberg’s Gender-Equality Index and the S&P 500.
In other recent news, Alliant Energy has reported its first-quarter earnings, showing an increase in earnings per share (EPS) by 21 cents, reaching 83 cents, which exceeded both BMO’s estimate of 75 cents and the consensus estimate of 69 cents. The company has confirmed its EPS guidance for the year 2025 to be between $3.15 and $3.25, aligning closely with BMO’s projection of $3.23 and slightly above the consensus estimate of $3.21. In terms of analyst ratings, Wolfe Research upgraded Alliant Energy from Peerperform to Outperform, setting a price target of $68.00, citing preserved renewables plans and a favorable trading position. Meanwhile, Jefferies also upgraded the stock from Hold to Buy, raising the price target to $71, noting positive developments and potential growth opportunities. However, Jefferies had earlier lowered the price target to $69 due to tax credit uncertainty, although they maintained a Buy rating. Additionally, during Alliant Energy’s annual shareholder meeting, all nominees for director were elected, and the advisory vote on executive compensation passed with significant support. Deloitte & Touche LLP was ratified as the company’s independent auditor for the year 2025. These recent developments provide a comprehensive view of Alliant Energy’s current financial performance and strategic direction.
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