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

NEW YORK ( TheStreet) -- The ex-dividend date for Alliant Energy Corporation (NYSE: LNT) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $44.98 as of 2:10 p.m. ET, the dividend yield is 4.1%.

The average volume for Alliant Energy has been 599,900 shares per day over the past 30 days. Alliant Energy has a market cap of $4.89 billion and is part of the utilities sector and utilities industry. Shares are up 1.3% year to date as of the close of trading on Tuesday.

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest region of the United States. The company has a P/E ratio of 15.9, below the average utilities industry P/E ratio of 16.1 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, growth in earnings per share, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Alliant Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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