Interstate Power and Light Company declares preferred stock dividend
Rhea-AI Summary
The Board of Directors of Alliant Energy has declared a dividend of $0.31875 per share for its 5.1% Series D Cumulative Preferred Stock (NASDAQ: IPLDP). This dividend is payable on June 15, 2020 to shareholders of record on May 29, 2020. Alliant Energy, operating as LNT, provides regulated electric and natural gas service to approximately 970,000 electric and 420,000 natural gas customers in Iowa and Wisconsin. The company aims to deliver reliable energy solutions and is part of the S&P 500.
Positive
- Dividend of $0.31875 per share declared, indicating financial stability.
- Continued service for 970,000 electric and 420,000 natural gas customers.
Negative
- None.
News Market Reaction – LNT
In the trading session that priced this news, LNT declined 1.45%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CEDAR RAPIDS, Iowa, May 12, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Alliant Energy's Iowa utility, Interstate Power and Light Company (IPL), has declared dividends for its preferred stock (NASDAQ: IPLDP) shareowners of record on May 29, 2020. The dividends, which are payable on June 15, 2020, are as follows:
Alliant Energy Corporation (NASDAQ: LNT), headquartered in Madison, Wis., provides regulated electric and natural gas service to 970,000 electric and 420,000 natural gas customers across Iowa and Wisconsin. Alliant Energy’s mission is to deliver the energy solutions and exceptional service customers and communities count on – safely, efficiently and responsibly. Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energy’s two public utility subsidiaries. Alliant Energy Corporation is a component of the S&P 500. For more information, visit alliantenergy.com.
Media Contact: Scott Reigstad (608) 458-3145
Investor Relations Contact: Susan Gille (608) 458-3956