Latest news with #AlliantEnergy
Yahoo
21-05-2025
- Business
- Yahoo
How Philip Morris, Alliant Energy, And Restaurant Brands International Can Put Cash In Your Pocket
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Philip Morris, Alliant Energy, and Restaurant Brands International have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%. Philip Morris International Inc. (NYSE:PM) operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Philip Morris has increased its dividends every year for the past 17 years. In its most recent dividend hike announcement on Sept. 12, the company's board raised the quarterly payout from $1.30 to $1.35 per share, equal to an annual figure of $5.40 per share. More recently, in its dividend announcement on March 6, the company maintained the payout at the same level. The current dividend yield is 3.30%. The company's annual revenue as of March 31 stood at $38.39 billion. In its Q1 2025 earnings report on April 23, it posted revenues of $9.30 billion and EPS of $1.69, both beating the consensus estimates. Check out this article by Benzinga to learn how much a $1000 invested in Philip Morris stock 5 years ago would be worth today. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Alliant Energy Corp. (NASDAQ:LNT) operates as a utility holding company that provides regulated electric and natural gas services in the U.S. The company has increased its dividends consecutively for the last 21 years. In its most recent dividend hike announcement on Jan. 17, it raised the quarterly payout from $0.48 to $0.5075 per share, which is equal to an annual figure of $2.03 per share. More recently, in its dividend announcement on April 2, the company maintained the payout at the same level. The current dividend yield on the stock is 3.36%. Alliant Energy's annual revenue as of March 31 stood at $4.08 billion. According to the company's Q1 2025 earnings report on May 8, it posted revenues of $1.13 billion and EPS of $0.83, both beating the consensus Brands International (NYSE:QSR) operates as a quick-service restaurant company in Canada, the U.S., and internationally. Restaurant Brands has increased its dividends every year for the last 10 years. In its most recent dividend hike announcement on Feb. 12, the company's board raised the quarterly payout from $0.58 to $0.62 per share, equal to an annual figure of $2.48 per share. More recently, in its dividend announcement on May 8, the company maintained the payout at the same level. The current yield on the dividend is 3.66%. The company's annual revenue as of Dec. 31 stood at $8.41 billion. In its most recent quarterly earnings report on May 8, the company posted Q1 2025 EPS of $0.75 and revenues of $2.11 billion, both missing the Street estimates. Philip Morris, Alliant Energy, and Restaurant Brands International are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: Invest Where It Hurts — And Help Millions Heal: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article How Philip Morris, Alliant Energy, And Restaurant Brands International Can Put Cash In Your Pocket originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Climate
- Yahoo
Tornadoes leveled their Dodge County homes and businesses. Now, they have to pick up the pieces
On May 16, Dodge County residents woke up to fallen trees, collapsed roofs and other significant property damage left by several tornadoes that touched down the previous evening. Just hours later, neighbors, families and friends were working to clean up each other's homes, chipping away at everything from uprooted pine trees to stray construction debris. Their resilience drew praise from Gov. Tony Evers who visited the area May 16. "While there is a lot of work and cleanup ahead, it is always extraordinary to see how Wisconsinites come together to support and help each other, especially in times of great need," Evers said in a post on X. The tornadoes were spotted shortly before 6 p.m. on May 15 in Juneau, Horicon and Mayville and have left some people without homes, officials said May 16. Police in Mayville blocked off the area around Gleason Reel Corporation and Mayville Engineering company, both of which incurred significant damage. In Horicon, Steve Kaiser said he was watching from a restaurant across the street as the tornado blew the roof off his mechanic shop, crushing his nearby dump truck, trailer and shed. "It was something to see," he said. "The whole roof came up and over." Like several other residents, Kaiser was waiting on the morning of May 16 for a claims adjuster from his insurance company to come and evaluate the property. In the meantime, he said the insurance company advised him to keep his shop's regular hours, and several of his friends and neighbors were helping clear felled trees. Kaiser, who is otherwise retired, has worked on the property since 2000. In the immediate future, he said the damage shouldn't significantly affect his ability to run the shop. "I call it my toybox," Kaiser said of the shop. "Just hope it'll be alright." Mike Slade, another Horicon resident, was working with neighbors to clear a massive, fallen pine tree on his property Friday morning. During the storm, Slade was sheltering in his basement, while his wife remained upstairs with his son, who has amyotrophic lateral sclerosis, commonly referred to as ALS. Though he was working to clean up stray branches, Slade said the family hasn't created a plan to address the larger-scale damage in his yard. "We really don't know what we're going to do yet," he said. The tree also hit a power line and cut off power in his home from about 7 p.m. to 1 a.m. on May 16, Slade said. As of 12 p.m. May 16, nearly 600 Alliant Energy customers remained without power in Dodge County. Next door, Slade's neighbor Billy Brandenburg was working to patch up a 4 foot by 8 foot hole in his roof. Brandenburg was out of town during the storm but drove back late on May 15 after his neighbor called to inform him of the damage, he said. Friends and family were helping him clean up the property on Friday morning, including clearing the blown-away roof of another shed on his property. He said he's working with a contractor to patch up the roof hole but hopes insurance will eventually cover the cost. "Nobody got hurt, so that's the good part," Brandenburg added. "All this is just material. It's fixable." As of 9:30 a.m. May 16, Dodge County Sheriff Dale Schmidt said one person in Juneau was transported to a hospital after a roof caved in, and two people have reported minor injuries. Otherwise, Schmidt said "we've had very little in the way of injury." American Red Cross volunteers were also stationed at Dodgeland Schools and Mayville High School to aid displaced residents. The Mayville outpost was open overnight and about nine people came in immediately after the storm for food and shelter, said Red Cross volunteer Tania Behselich. The organization is sending out an emergency vehicle on May 16 to distribute emergency kits with cleaning supplies, food and water for residents working to clear their property. "We're going to be open until the last person needs us here," she said. Scott Sabol, superintendent of the Mayville School District, said the district cancelled classes on May 15 in anticipation of the storm. "That was a good decision," he said. "Little did we know what was actually about to happen." Sabol said the residents trickling into the school have been "just a little rattled in the beginning," but otherwise alright — and the district plans to move forward with its planned high school graduation on May 18. "It's going to be status quo for us," he added. "We're going to celebrate our students Sunday." This article originally appeared on Milwaukee Journal Sentinel: Mayville, Horicon residents clean up Dodge County tornado damage
Yahoo
13-05-2025
- Business
- Yahoo
Alliant Energy Prices Offering of $500 Million of 3.250% Convertible Senior Notes due 2028
MADISON, Wis., May 13, 2025--(BUSINESS WIRE)--Alliant Energy Corporation (NASDAQ: LNT) announced the pricing of its offering of $500 million aggregate principal amount of its 3.250% convertible senior notes due 2028 in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). Alliant Energy also granted each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $75 million aggregate principal amount of the convertible notes. The sale of the convertible notes is expected to close on May 15, 2025, subject to customary closing conditions. Alliant Energy expects that the net proceeds from the convertible notes will be approximately $493.0 million (or $567.0 million if the initial purchasers exercise their option to purchase additional convertible notes in full), after deducting the initial purchasers' discounts and commissions and offering expenses payable by Alliant Energy. Alliant Energy intends to use the net proceeds from the offering of the convertible notes for the repayment or refinancing of debt, to reduce outstanding commercial paper or for general corporate purposes. The convertible notes will be senior unsecured obligations of Alliant Energy, and will mature on May 30, 2028, unless earlier converted or repurchased in accordance with their terms. The convertible notes will bear interest at a fixed rate of 3.250% per year, payable semiannually in arrears on May 30 and November 30 of each year, beginning on November 30, 2025. Prior to the close of business on the business day immediately preceding March 1, 2028, the convertible notes will be convertible at the option of the holders only under certain conditions. On or after March 1, 2028, until the close of business on the business day immediately preceding the maturity date, holders of the convertible notes may convert all or any portion of their convertible notes at their option at any time at the conversion rate then in effect, irrespective of these conditions. Alliant Energy will settle conversions of the convertible notes by paying cash up to the aggregate principal amount of the convertible notes to be converted and paying or delivering, as the case may be, cash, shares of its common stock, $0.01 par value per share, or a combination of cash and shares of its common stock, at its election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the convertible notes being converted. The conversion rate for the convertible notes will initially be 13.1773 shares of common stock per $1,000 principal amount of convertible notes (equivalent to an initial conversion price of approximately $75.89 per share of common stock). The initial conversion price of the convertible notes represents a premium of approximately 27.5% over the last reported sale price of Alliant Energy's common stock on the Nasdaq Global Select Market on May 12, 2025. The conversion rate and the corresponding conversion price will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. Alliant Energy may not redeem the convertible notes prior to the maturity date. If Alliant Energy undergoes a fundamental change (as defined in the indenture that will govern the convertible notes), subject to certain conditions, holders of the convertible notes may require Alliant Energy to repurchase for cash all or any portion of their convertible notes at a repurchase price equal to 100% of the principal amount of the convertible notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date (as defined in the indenture that will govern the convertible notes). In addition, if certain fundamental changes occur, Alliant Energy may be required, in certain circumstances, to increase the conversion rate for any convertible notes converted in connection with such fundamental changes by a specified number of shares of its common stock. The offering is being made to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Any offers of the convertible notes will be made only by means of a private offering memorandum. None of the convertible notes or any shares of the common stock issuable upon conversion of the convertible notes have been or are expected to be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements Statements contained in this press release that are not of historical fact are forward-looking statements intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified as such because the statements include words such as "may," anticipate," "will," "would," "expected," or other words of similar import. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Some, but not all, of the risks and uncertainties that could materially affect actual results include, among others: the satisfaction of customary closing conditions relating to the convertible notes offering; capital market risks; and the impact of general economic or industry conditions. There can be no assurance that the convertible notes offering will be completed on the anticipated terms, or at all. For more information about potential factors that could affect Alliant Energy's businesses and financial results, please review "Risk Factors" in Alliant Energy's Annual Report on Form 10-K for the fiscal year ended 2024 filed with the Securities and Exchange Commission (the "SEC") and in Alliant Energy's other filings with the SEC. These factors should be considered when evaluating the forward-looking statements, and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and, except as required by law, Alliant Energy undertakes no obligation to publicly update such statements to reflect subsequent events or circumstances. View source version on Contacts Media Hotline: (608) 458-4040 Investor Relations: Susan Gille (608) 458-3956 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Alliant Energy Prices Offering of $500 Million of 3.250% Convertible Senior Notes due 2028
MADISON, Wis., May 13, 2025--(BUSINESS WIRE)--Alliant Energy Corporation (NASDAQ: LNT) announced the pricing of its offering of $500 million aggregate principal amount of its 3.250% convertible senior notes due 2028 in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). Alliant Energy also granted each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $75 million aggregate principal amount of the convertible notes. The sale of the convertible notes is expected to close on May 15, 2025, subject to customary closing conditions. Alliant Energy expects that the net proceeds from the convertible notes will be approximately $493.0 million (or $567.0 million if the initial purchasers exercise their option to purchase additional convertible notes in full), after deducting the initial purchasers' discounts and commissions and offering expenses payable by Alliant Energy. Alliant Energy intends to use the net proceeds from the offering of the convertible notes for the repayment or refinancing of debt, to reduce outstanding commercial paper or for general corporate purposes. The convertible notes will be senior unsecured obligations of Alliant Energy, and will mature on May 30, 2028, unless earlier converted or repurchased in accordance with their terms. The convertible notes will bear interest at a fixed rate of 3.250% per year, payable semiannually in arrears on May 30 and November 30 of each year, beginning on November 30, 2025. Prior to the close of business on the business day immediately preceding March 1, 2028, the convertible notes will be convertible at the option of the holders only under certain conditions. On or after March 1, 2028, until the close of business on the business day immediately preceding the maturity date, holders of the convertible notes may convert all or any portion of their convertible notes at their option at any time at the conversion rate then in effect, irrespective of these conditions. Alliant Energy will settle conversions of the convertible notes by paying cash up to the aggregate principal amount of the convertible notes to be converted and paying or delivering, as the case may be, cash, shares of its common stock, $0.01 par value per share, or a combination of cash and shares of its common stock, at its election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the convertible notes being converted. The conversion rate for the convertible notes will initially be 13.1773 shares of common stock per $1,000 principal amount of convertible notes (equivalent to an initial conversion price of approximately $75.89 per share of common stock). The initial conversion price of the convertible notes represents a premium of approximately 27.5% over the last reported sale price of Alliant Energy's common stock on the Nasdaq Global Select Market on May 12, 2025. The conversion rate and the corresponding conversion price will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. Alliant Energy may not redeem the convertible notes prior to the maturity date. If Alliant Energy undergoes a fundamental change (as defined in the indenture that will govern the convertible notes), subject to certain conditions, holders of the convertible notes may require Alliant Energy to repurchase for cash all or any portion of their convertible notes at a repurchase price equal to 100% of the principal amount of the convertible notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date (as defined in the indenture that will govern the convertible notes). In addition, if certain fundamental changes occur, Alliant Energy may be required, in certain circumstances, to increase the conversion rate for any convertible notes converted in connection with such fundamental changes by a specified number of shares of its common stock. The offering is being made to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Any offers of the convertible notes will be made only by means of a private offering memorandum. None of the convertible notes or any shares of the common stock issuable upon conversion of the convertible notes have been or are expected to be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements Statements contained in this press release that are not of historical fact are forward-looking statements intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified as such because the statements include words such as "may," anticipate," "will," "would," "expected," or other words of similar import. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Some, but not all, of the risks and uncertainties that could materially affect actual results include, among others: the satisfaction of customary closing conditions relating to the convertible notes offering; capital market risks; and the impact of general economic or industry conditions. There can be no assurance that the convertible notes offering will be completed on the anticipated terms, or at all. For more information about potential factors that could affect Alliant Energy's businesses and financial results, please review "Risk Factors" in Alliant Energy's Annual Report on Form 10-K for the fiscal year ended 2024 filed with the Securities and Exchange Commission (the "SEC") and in Alliant Energy's other filings with the SEC. These factors should be considered when evaluating the forward-looking statements, and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and, except as required by law, Alliant Energy undertakes no obligation to publicly update such statements to reflect subsequent events or circumstances. View source version on Contacts Media Hotline: (608) 458-4040 Investor Relations: Susan Gille (608) 458-3956
Business Wire
13-05-2025
- Business
- Business Wire
Alliant Energy Prices Offering of $500 Million of 3.250% Convertible Senior Notes due 2028
MADISON, Wis.--(BUSINESS WIRE)--Alliant Energy Corporation (NASDAQ: LNT) announced the pricing of its offering of $500 million aggregate principal amount of its 3.250% convertible senior notes due 2028 in a private placement under the Securities Act of 1933, as amended (the 'Securities Act'). Alliant Energy also granted each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $75 million aggregate principal amount of the convertible notes. The sale of the convertible notes is expected to close on May 15, 2025, subject to customary closing conditions. Alliant Energy expects that the net proceeds from the convertible notes will be approximately $493.0 million (or $567.0 million if the initial purchasers exercise their option to purchase additional convertible notes in full), after deducting the initial purchasers' discounts and commissions and offering expenses payable by Alliant Energy. Alliant Energy intends to use the net proceeds from the offering of the convertible notes for the repayment or refinancing of debt, to reduce outstanding commercial paper or for general corporate purposes. The convertible notes will be senior unsecured obligations of Alliant Energy, and will mature on May 30, 2028, unless earlier converted or repurchased in accordance with their terms. The convertible notes will bear interest at a fixed rate of 3.250% per year, payable semiannually in arrears on May 30 and November 30 of each year, beginning on November 30, 2025. Prior to the close of business on the business day immediately preceding March 1, 2028, the convertible notes will be convertible at the option of the holders only under certain conditions. On or after March 1, 2028, until the close of business on the business day immediately preceding the maturity date, holders of the convertible notes may convert all or any portion of their convertible notes at their option at any time at the conversion rate then in effect, irrespective of these conditions. Alliant Energy will settle conversions of the convertible notes by paying cash up to the aggregate principal amount of the convertible notes to be converted and paying or delivering, as the case may be, cash, shares of its common stock, $0.01 par value per share, or a combination of cash and shares of its common stock, at its election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the convertible notes being converted. The conversion rate for the convertible notes will initially be 13.1773 shares of common stock per $1,000 principal amount of convertible notes (equivalent to an initial conversion price of approximately $75.89 per share of common stock). The initial conversion price of the convertible notes represents a premium of approximately 27.5% over the last reported sale price of Alliant Energy's common stock on the Nasdaq Global Select Market on May 12, 2025. The conversion rate and the corresponding conversion price will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. Alliant Energy may not redeem the convertible notes prior to the maturity date. If Alliant Energy undergoes a fundamental change (as defined in the indenture that will govern the convertible notes), subject to certain conditions, holders of the convertible notes may require Alliant Energy to repurchase for cash all or any portion of their convertible notes at a repurchase price equal to 100% of the principal amount of the convertible notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date (as defined in the indenture that will govern the convertible notes). In addition, if certain fundamental changes occur, Alliant Energy may be required, in certain circumstances, to increase the conversion rate for any convertible notes converted in connection with such fundamental changes by a specified number of shares of its common stock. The offering is being made to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Any offers of the convertible notes will be made only by means of a private offering memorandum. None of the convertible notes or any shares of the common stock issuable upon conversion of the convertible notes have been or are expected to be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements Statements contained in this press release that are not of historical fact are forward-looking statements intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified as such because the statements include words such as 'may,' anticipate,' 'will,' 'would,' 'expected,' or other words of similar import. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Some, but not all, of the risks and uncertainties that could materially affect actual results include, among others: the satisfaction of customary closing conditions relating to the convertible notes offering; capital market risks; and the impact of general economic or industry conditions. There can be no assurance that the convertible notes offering will be completed on the anticipated terms, or at all. For more information about potential factors that could affect Alliant Energy's businesses and financial results, please review 'Risk Factors' in Alliant Energy's Annual Report on Form 10-K for the fiscal year ended 2024 filed with the Securities and Exchange Commission (the 'SEC') and in Alliant Energy's other filings with the SEC. These factors should be considered when evaluating the forward-looking statements, and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and, except as required by law, Alliant Energy undertakes no obligation to publicly update such statements to reflect subsequent events or circumstances.
