Topic: Growth Stocks

ALLIANT ENERGY CORP. $62 – New York symbol LNT

ALLIANT ENERGY CORP. $62 (New York symbol LNT; Income Portfolio, Utilities sector; Shares outstanding: 113.4 million; Market cap: $7.0 billion; Price-to-sales ratio: 2.1; Dividend yield: 3.8%; TSINetwork Rating: Average; www.alliantenergy.com) sells power and natural gas to 1.4 million clients in Wisconsin, Iowa and Minnesota.

The company has raised its quarterly dividend by 6.8% with the February 2016 payment, to $0.5875 from $0.55. The new annual rate of $2.35 yields 3.8%. Alliant has paid quarterly dividends since 1946 and has raised the annual rate each year since 2004.

Alliant Energy is a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.