Alliant Energy Corp.'s Series D Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket

On 8/28/13, Alliant Energy Corp.'s 5.100% Series D Cumulative Perpetual Preferred Stock (NYSE: IPL.PRD) will trade ex-dividend, for its quarterly dividend of $0.3187, payable on 9/16/13. As a percentage of IPL.PRD's recent share price of $21.25, this dividend works out to approximately 1.50%, so look for shares of IPL.PRD to trade 1.50% lower ? all else being equal ? when IPL.PRD shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 6.07%, which compares ...