Updating your Income stocks: Viatris Inc., Ameren Corp. and Alliant Energy Corp.

Article Excerpt

VIATRIS INC. $15 (www.viatris.com) is a hold. The company took its current form on November 16, 2020, when Pfizer Inc. combined its Upjohn division (generic pharmaceuticals) with Netherlands-based Mylan N.V. (Nasdaq symbol MYL). Pfizer investors received 0.124079 of a share in the new firm for each share they held. Viatris plans to pay a quarterly dividend of $0.11 a share; the annual rate of $0.44 yields 2.9%. However, the company’s long-term debt of $22.1 billion is a high 1.2 times its market cap. Viatris is a hold. AMEREN CORP. $84 (www.ameren.com) is a hold. It supplies electricity and natural gas to 3.3 million customers in Illinois and Missouri. With the March 2021 payment, Ameren raised your quarterly dividend by 6.8%; the new annual rate of $2.20 yields 2.6%. Ameren’s revenue in the first quarter of 2021 rose 8.8%, to $1.57 billion from $1.44 billion a year earlier. That’s mainly due to higher power rates and favourable weather conditions. Lower costs also…

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