Alliant Energy Corporation Declares Common Stock Dividend
Alliant Energy is the parent company of two public utility companies--Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL)--and of Alliant Energy Resources, Inc. (AER), the parent company of Alliant Energy's non-regulated operations. (PRNewsFoto/ALLIANT ENERGY CORPORATION)
MADISON, WI UNITED STATES
Annual dividend target increased from $1.40 per share to $1.50 per share
MADISON, Wis., Jan. 16 /PRNewswire-FirstCall/ -- Alliant Energy
Corporation (NYSE: LNT) announced today quarterly dividends on common stock
were declared by the Board of Directors.
The common stock dividend is $.3750 per share payable on February 13,
2009, to shareowners of record on close of business January 30, 2009.
"I am pleased to announce that the Board has approved this increase in our
dividend," said William D. Harvey, Chairman, President and CEO of Alliant
Energy. "This increase is consistent with our previously stated policy of
targeting a dividend payout ratio of 60 to 70 percent of our utility
earnings."
Dividends on common stock have been paid for 253 consecutive quarters
since 1946.
Alliant Energy is an energy-services provider with subsidiaries serving
approximately 1 million electric and over 400,000 natural gas customers.
Providing its customers in the Midwest with regulated electric and natural gas
service is the company's primary focus. Alliant Energy, headquartered in
Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange
under the symbol LNT. For more information, visit the company's Web site at
http://www.alliantenergy.com.
