Updating your Income stocks: Cedar Fair, Alliant Energy & Ameren

Article Excerpt

CEDAR FAIR L.P. $46 (www.cedarfair.com) remains a hold. Cedar Fair has now re-opened all of its amusement parks as more areas relax their COVID-19 restrictions. As a result, revenue in fourth quarter of 2022 rose 4.3%, to $366.0 million from $350.9 million a year earlier. Earnings improved to $0.26 a unit from a loss of $0.48. The partnership has resumed regular quarterly distribution payments of $0.30 a unit; the annual rate of $1.20 yields 2.6%. However, higher costs for labour could hinder its earnings growth. Cedar Fair is still a hold. ALLIANT ENERGY CORP. $53 (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 2023 payment, Alliant raised your quarterly dividend by 5.8%. Investors now receive $0.4525 a share instead of $0.4275. The new annual rate of $1.81 yields 3.4%. Alliant’s projected earnings will probably improve 3%, from $2.80 a share in 2022 to $2.89 in 2023, and the stock trades at a reasonable…