Alliant Energy Stock To Go Ex-dividend Tomorrow (LNT)

NEW YORK ( TheStreet) -- The ex-dividend date for Alliant Energy Corporation (NYSE: LNT) is tomorrow, January 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $43.19 as of 9:30 a.m. ET, the dividend yield is 4.3%.

The average volume for Alliant Energy has been 698,800 shares per day over the past 30 days. Alliant Energy has a market cap of $4.69 billion and is part of the utilities sector and utilities industry. Shares are down 2.4% year to date as of the close of trading on Wednesday.

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest United States. The company has a P/E ratio of 15.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alliant Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. 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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