Updating your Income stocks: Alliant Energy, Ameren, & Quaker Chemical

Article Excerpt

ALLIANT ENERGY CORP. $56 (www.alliantenergy.com) is a buy. The company sells power and natural gas to 1.4 million clients in Wisconsin, Iowa and Minnesota. With the February 2022 payment, Alliant raised your quarterly dividend by 6.2%. The new annual rate of $1.71 a share yields 3.1%. Alliant plans to spend a total of $6.1 billion on new projects and upgrades between 2022 and 2025. About 60% of that spending will go to solar and other renewable projects, which will help the company comply with increasingly stringent environmental regulations. Alliant Energy is a buy. AMEREN CORP. $84 (www.ameren.com) is a hold. The company provides electricity and natural gas to 3.3 million customers in Illinois and Missouri. Ameren is now raising your quarterly dividend by 7.3% with the March 2022 payment. Investors will then receive $0.59 a share instead of $0.55. The new annual rate of $2.36 yields 2.8%. Ameren is now paying an undisclosed sum for a solar-power project under development in southeastern Illinois. However, its high reliance on…