MADISON, Wis., Dec. 2, 2011 /PRNewswire/ -- Alliant Energy Corporation (NYSE: [ LNT ]) announced that its Board of Directors approved a 10 cent increase in its 2012 expected annual common stock dividend target to $1.80 per share from the current annual dividend target of $1.70 per share. Payment of the 2012 quarterly dividends is subject to the actual dividend declaration by the Board of Directors, which is expected in January 2012 for the first quarter dividend.

(Logo: [ http://photos.prnewswire.com/prnh/20020405/LNTLOGO ])

The expected common dividend target places the dividend at the mid-point of Alliant Energy's targeted dividend payout ratio range of 60 to 70 percent of the earnings of its utility subsidiaries based on the mid-point of the guidance for 2012 utility earnings per share of $2.75.

Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 412,000 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 [ www.alliantenergy.com ].

This press release contains forward-looking statements. These forward-looking statements can be identified as such because the statements include words such as "expected" or other words of similar import. Specifically, the expected annual common stock dividend of $1.80 per share is a forward-looking statement. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Actual results could be affected by the following factors, among others:

Alliant Energy's utility subsidiaries' (IPL and WPL) ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of operating costs, fuel costs, transmission costs, deferred expenditures, capital expenditures, and remaining costs related to generating units that may be permanently closed, earning their authorized rates of return, and the payments to their parent, Alliant Energy, of expected levels of dividends;
the state of the economy our service territories and resulting implications on sales, margins and ability to collect unpaid bills;
weather effects on results of operations;
developments that adversely impact Alliant Energy's, IPL's and WPL's ability to implement their strategic plans, including unanticipated issues with Alliant Energy Resources, LLC's (Resources') construction of and selling price of the electricity output from its new 100 megawatt (MW) wind generating project, new emission control equipment for various coal-fired generating facilities of IPL and WPL, WPL's potential purchase of the Riverside Energy Center or a similar facility, IPL's potential construction of a new natural gas-fired electric generating facility in Iowa, and the potential decommissioning of certain generating facilities of IPL and WPL;
the ability to recover through rates all environmental compliance costs, including costs for projects put on hold due to uncertainty of future environmental laws and regulations;
the ability to continue cost controls and operational efficiencies;
continued access to the capital markets on competitive terms and rates;
increased retirement and benefit plan costs; and
Alliant Energy's ability to sustain its dividend payout ratio goal;

Alliant Energy cannot provide any assurance that the assumptions referred to in the forward-looking statements or otherwise are accurate or will prove to be correct. Any assumptions that are inaccurate or do not prove to be correct could have a material adverse effect on Alliant Energy's ability to achieve the estimates or other targets included in the forward-looking statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances.

SOURCE Alliant Energy Corporation

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Alliant Energy Corporation Increases Annual Dividend Target to $1.80 Per Share From $1.70 Per Share

Alliant Energy Corporation Increases Annual Dividend Target to $1.80 Per Share From $1.70 Per Share