In trading on Friday, shares of Alliant Energy Corp's 5.100% Series D Cumulative Perpetual Preferred Stock (Symbol: IPL.PRD) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.275), with shares changing hands as low as $25.45 on the day. This compares to an average yield of 4.90% in the "Utilities" preferred stock category, according to Preferred Stock Channel . As of last close, IPL.PRD was trading at a 3.64% premium to its liquidation preference amount, versus the average discount of 5.93% in the "Utilities" category.
Below is a dividend history chart for IPL.PRD, showing historical dividend payments on Alliant Energy Corp's 5.100% Series D Cumulative Perpetual Preferred Stock:
In Friday trading, Alliant Energy Corp's 5.100% Series D Cumulative Perpetual Preferred Stock (Symbol: IPL.PRD) is currently off about 1% on the day, while the common shares (Symbol: LNT) are up about 0.6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
