Alliant Energy Corporation (NYSE: LNT) revealed that its board has declared its quarterly cash dividend of $0.29375 per share. For the full year, this translated into $1.18 a share. The dividend provided a yield of 3.0 percent, which was lower than the average 3.40 percent for the five-year period.
Alliant fixed July 29 as the record date for determining eligible shareholders to get the dividend. The company indicated that the dividend would be paid on August 15. The dividend payout ratio was approximately 68.0 percent, which was higher than the five-year average of 63.0 percent.
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The company claimed that it has been paying a dividend for 283 consecutive quarters since 1946. In the last 12 years, it has been increasing its dividend rate. As a result, its average five-year dividend growth was 6.77 percent while the average three-year growth rate was 7.33 percent.
Shares of the company traded 0.90 percent higher on Friday.
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