NEW YORK (

TheStreet

) -- The ex-dividend date for

Alliant Energy Corporation

(NYSE:

LNT

) is tomorrow, April 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $38.85 as of 9:31 a.m. ET, the dividend yield is 4.4%.

The average volume for Alliant Energy has been 552,900 shares per day over the past 30 days. Alliant Energy has a market cap of $4.3 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 3.6% year to date as of the close of trading on Monday.

TheStreet Recommends

Alliant Energy Corporation operates in electric and gas utility businesses in the United States. The company has a P/E ratio of 14.7, below the average utilities industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Alliant Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Alliant Energy Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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