Alliant Energy As of February 16, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
LNT $1.61 5.9% 7.0% 6.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Electric & Gas Utility 3.4% 18 6.5% Quarter 1946
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Alliant Energy Corp has raised its dividend 18 straight year © DIVIDENDHIKE.COM
Alliant Energy Corp has raised its dividend 18 straight year © DIVIDENDHIKE.COM

Alliant Energy Corporation (LNT) will raise its quarterly dividend by 5.9 percent to 40.25 cents per share in 2021. Last year the utility announced a 7.0 percent dividend hike to $0.38 per share in the first quarter of 2020. This new hike will mark the 18th consecutive year of annual dividend increases by the utility company. 

The next dividend is payable on February 16, 2021, to shareowners of record as of the close of business on January 29, 2021. A new annualized dividend rate of $1.61 per share yields 3.2% at a stock price of $49.63.

Alliant Energy Corporation will now pay an estimated $402 million in dividends to shareholders annually. The last time the company announced a double digit dividend hike was in 2008. At the time the dividend was raised by 10.1 percent, following a 10.4 percent increase in 2007. Because of this new dividend hike the average growth rate in the last five years will drop to 6.5 percent.

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 Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin. IPL and WPL own a portfolio of electric generating units located in Iowa, Wisconsin and Minnesota with a fuel mix, including coal, natural gas and renewable resources. The company has paid dividends on its common stock since 1946.

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Ex-date Ticker Yield YTD hike
Mar 08 PEG 3.4% 0.0%
Mar 09 MGM 0.0% 0.0%
Mar 09 CI 2.0% 9900.0%
Mar 09 CME 1.9% 5.9%
Mar 09 OXY 0.2% 0.0%
Mar 09 VFC 2.4% 0.0%
Mar 09 HPQ 2.9% 0.0%
Mar 09 ANTM 1.6% 18.9%
Mar 09 TRV 2.3% 0.0%
Mar 09 FOX 1.4% 0.0%