Interstate Power and Light Company declares preferred stock dividend

Rhea-AI Summary

On August 13, 2020, Alliant Energy’s Iowa subsidiary, Interstate Power and Light Company, declared a dividend of $0.31875 per share on its 5.1% Series D Cumulative Preferred Stock. The dividend is payable to shareholders of record as of August 31, 2020, and will be distributed on September 15, 2020. Alliant Energy provides electric and natural gas services to approximately 970,000 and 420,000 customers, respectively, in Iowa and Wisconsin. The company is a member of the S&P 500.

Positive

• Declared a dividend of $0.31875 per preferred share, providing income for shareholders.
• Maintains strong customer base with 970,000 electric and 420,000 natural gas customers.
• Part of the S&P 500, indicating stability and market presence.

Negative

• None.

News Market Reaction – LNT

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+0.09% Session move

In the trading session that priced this news, LNT gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CEDAR RAPIDS, Iowa, Aug. 13, 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 August 31, 2020. The dividends, which are payable on September 15, 2020, are as follows:

     $0.31875 per share on the 5.1% Series D Cumulative Preferred Stock

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

FAQ

What is the dividend amount declared by Alliant Energy (LNT)?

Alliant Energy declared a dividend of $0.31875 per share on the 5.1% Series D Cumulative Preferred Stock.

When is the dividend payable for Alliant Energy (LNT)?

The dividend is payable on September 15, 2020.

What is the record date for Alliant Energy's dividend?

The record date for the dividend is August 31, 2020.

How many customers does Alliant Energy serve?

Alliant Energy serves approximately 970,000 electric and 420,000 natural gas customers.