Item 5. MARKET FOR REGISTRANTS’ COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANTS’ COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Stock Price - Alliant Energy’s common stock trades on the NYSE under the symbol “LNT.” Quarterly sales price ranges and dividends with respect to Alliant Energy’s common stock were as follows:
| 2013 | 2012 | |||||||||||||||||||||||
| Quarter | High | Low | Dividend | High | Low | Dividend | ||||||||||||||||||
| First | $50.23 | $43.73 | $0.47 | $44.57 | $41.86 | $0.45 | ||||||||||||||||||
| Second | 53.52 | 46.79 | 0.47 | 46.00 | 42.00 | 0.45 | ||||||||||||||||||
| Third | 54.18 | 48.17 | 0.47 | 47.65 | 42.95 | 0.45 | ||||||||||||||||||
| Fourth | 53.69 | 48.83 | 0.47 | 45.66 | 42.21 | 0.45 | ||||||||||||||||||
| Year | 54.18 | 43.73 | 1.88 | 47.65 | 41.86 | 1.80 |
Stock closing price at December 31, 2013: $51.60
Shareowners - At December 31, 2013, there were 30,873 holders of record of Alliant Energy’s common stock, including holders through Alliant Energy’s Shareowner Direct Plan. Alliant Energy is the sole common shareowner of all 13,370,788 and 13,236,601 shares of IPL and WPL common stock, respectively, currently outstanding. As a result, there is no established public trading market for the common stock of either IPL or WPL.
Dividends - In November 2013, Alliant Energy announced an increase in its targeted 2014 annual common stock dividend to $2.04 per share, which is equivalent to a quarterly rate of $0.51 per share, beginning with the February 2014 dividend payment. The timing and amount of future dividends is subject to an approved dividend declaration from its Board of Directors, and is dependent upon earnings expectations, capital requirements, and general financial business conditions, among other factors.
Alliant Energy does not have any significant common stock dividend restrictions. Refer to Note 7 of the “Combined Notes to Consolidated Financial Statements” for information about IPL’s and WPL’s dividend restrictions and limitations on distributions to their parent company.
Common Stock Repurchases - A summary of Alliant Energy common stock repurchases for the quarter ended December 31, 2013 was as follows:
| Total Number | Average Price | Total Number of Shares | Maximum Number (or Approximate | ||||||||
| of Shares | Paid Per | Purchased as Part of | Dollar Value) of Shares That May | ||||||||
| Period | Purchased (a) | Share | Publicly Announced Plan | Yet Be Purchased Under the Plan (a) | |||||||
| October 1 to October 31 | 2,966 | $50.67 | — | N/A | |||||||
| November 1 to November 30 | 2,032 | 53.57 | — | N/A | |||||||
| December 1 to December 31 | 56 | 52.16 | — | N/A | |||||||
| 5,054 | 51.85 | — |
| (a) | All shares were purchased on the open market and held in a rabbi trust under the DCP. There is no limit on the number of shares of Alliant Energy common stock that may be held under the DCP, which currently does not have an expiration date. |
Other - Refer to “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” in Item 12 for details of securities authorized for issuance under equity compensation plans.
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