MADISON, Wis., Jan. 14, 2011 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) announced today quarterly dividends on common stock were declared by the Board of Directors.
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The common stock dividend is $.4250 per share payable on February 15, 2011, to shareowners of record on close of business January 31, 2011.
"I am pleased to announce that the Board has approved a 12 cent increase in the annual common stock target dividend to $1.70 per share," said William D. Harvey, Chairman, President and CEO of Alliant Energy. "This 7.6 percent increase places the dividend within our targeted payout ratio range of 60 to 70 percent of utility earnings."
Dividends on common stock have been paid for 261 consecutive quarters since 1946.
Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 412,000 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 www.alliantenergy.com.
SOURCE Alliant Energy Corporation
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