Alliant Energy Corporation (LNT) will raise its quarterly dividend by 7.0 percent to $0.38 per share in the first quarter of 2020. This will mark the 17th consecutive year of annual dividend increases by the utility company. Last year LNT increased its dividend by 6.0 percent.

The next dividend is payable on February 18, 2020, to shareowners of record as of the close of business on January 31, 2020. A new annualized dividend rate of $1.52 per share yields 2.7% at a stock price of $55.62.

Alliant Energy Corporation, headquartered in Madison, Wis., provides regulated electric and natural gas service to electric and natural gas customers across Iowa and Wisconsin. Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energy's two public utility subsidiaries. The company has paid dividends on its common stock since 1946.