Alliant Energy (NYSE:LNT) is staying true to form and pumping out its usual reward for shareholders. The company has announced it will distribute a dividend of $0.47 per share of its common stock on May 15 to shareholders of record as of April 30. This matches the firm's previous distribution, which was dispensed at the end of January. Previous to that, Alliant had paid $0.45 per share.

The company is an extremely stable and consistent dividend payer, typically lifting its payout at the beginning of every year. In the press release announcing the latest distribution, the firm pointed out that it has bestowed such payments for 270 straight quarters since 1946.

The new dividend annualizes to $1.88 per share. That yields 3.6% at Alliant's most recent closing stock price of $51.61.

Fool contributor Eric Volkman has no position in Alliant Energy, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.