Annual dividend target increased from $1.27 per share to $1.40 per share
MADISON, Wis., Jan. 18 /PRNewswire-FirstCall/ -- Alliant Energy
Corporation (NYSE: LNT) announced today quarterly dividends on common stock
were declared by the Board of Directors.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO)
The common stock dividend is $0.3500 per share payable February 15,
2008, to shareowners of record on January 31, 2008.
"I am pleased to announce that the Board has approved this 10 percent
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 249 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.
SOURCE Alliant Energy Corporation
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Related links:
http://www.alliantenergy.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
media, Rob Crain, +1-608-458-4469, or
investor relations, Jamie Freeman, +1-608-458-3274, both of
Alliant Energy Corporation
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