ALLETE (ALE) Dividend Yield, Date & History $64.50 -0.10 (-0.15%) (As of 12/20/2024 04:32 PM ET) Add Compare Share Share Dividend Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends ALLETE Dividend SummaryDividend Yield4.37%Annual Dividend$2.82Recent Dividend Payment Dec. 1 Dividend Increase Track Record 14 YearsAnnualized 3-Year Dividend Growth 3.14%Dividend Payout Ratio 90.38% ALLETE (ALE) pays an annual dividend of $2.82 per share, with a dividend yield of 4.37%. The next quarterly payment of $0.7050 per share was paid on Sunday, December 1, to investors who owned the stock before the ex-dividend date of Friday, November 15. ALE has grown its dividend for 14 consecutive years, with an average annual increase of 1.04%. The company currently pays out 90.38% of its earnings and 32.44% of its cash flow as dividends. Get Dividend Stock Ideas Daily Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email to sign up for newsletter Sign Up Skip Charts & View Dividend HistoryALE Dividend Payments by QuarterDividend Payments by Quarter Chart DescriptionThe chart below displays up to four years of ALLETE's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.Open ALLETE in Dividend Calculator ALE Dividend Yield Over TimeDividend Yield Over Time Chart DescriptionThe chart below tracks ALLETE's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.Open ALLETE in Dividend Yield Calculator Ad Brownstone ResearchMedia Humiliated: Demo of Elon’s Tech Proves They’re WrongElon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it.Click here to watch this demo and decide for yourself. ALLETE vs. The CompetitionCompare ALLETE's annual dividend, yield, and 3-year growth rate with averages for Utilities and NYSE companies to evaluate its performance against the market.TypeALLETEUtilities CompaniesNYSE CompaniesAnnual Dividend$2.82$0.04$1.39Dividend Yield4.37%4.07%3.57%Annualized 3-Year Dividend Growth3.14%1.33%15.78%Track Record14 years28 years24 yearsALLETE Dividend Payout RatioDividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.TypePayout RatioBased on Trailing 12 Months of Earnings90.38%Based on Cashflow32.44% ALLETE Dividend History by Quarter Custom Range 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 5 Years 10 Years All Time Time Frame * Start Date * End Date AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date10/25/2024quarterly$0.7050+$0.00450.64%4.39%11/15/202411/15/202412/1/20247/25/2024Quarterly$0.7005-$0.00450.64%4.4%8/15/20248/15/20249/1/20244/25/2024Quarterly$0.7050 - 4.73%5/14/20245/15/20246/1/2024 Get the Latest News and Ratings for ALE and Related StocksEnter your email address below to receive the latest news and analysts' ratings for ALLETE and its competitors with MarketBeat's FREE daily newsletter. 1/26/2024Quarterly$0.7050+$0.02703.98%4.78%2/14/20242/15/20243/1/202410/27/2023Quarterly$0.6780 - 5.16%11/14/202311/15/202312/1/20237/31/2023Quarterly$0.6780 - 4.72%8/14/20238/15/20239/1/20234/27/2023Quarterly$0.6780 - 4.34%5/12/20235/15/20236/1/20232/3/2023Quarterly$0.6780+$0.02804.31%4.33%2/14/20232/15/20233/1/2023This table shows ALLETE's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time. ALLETE Dividend - Frequently Asked Questions What is ALLETE's dividend yield? The current dividend yield for ALLETE is 4.37%. Learn more on ALE's dividend yield history. How much is ALLETE's annual dividend? The annual dividend for ALE shares is $2.82. Learn more on ALE's annual dividend history. How often does ALLETE pay dividends? ALLETE pays quarterly dividends to shareholders. When was ALLETE's most recent dividend payment? ALLETE's most recent quarterly dividend payment of $0.7050 per share was made to shareholders on Sunday, December 1, 2024. When was ALLETE's most recent ex-dividend date? ALLETE's most recent ex-dividend date was Friday, November 15, 2024. Is ALLETE's dividend growing? Over the past three years, the company's dividend has grown by an average of 3.14% per year. What track record does ALLETE have of raising its dividend? ALLETE has increased its dividend for the past 14 consecutive years. When did ALLETE last increase or decrease its dividend? The most recent change in the company's dividend was an increase of $0.0045 on Friday, October 25, 2024. What is ALLETE's dividend payout ratio? The dividend payout ratio for ALE is: 90.38% based on the trailing year of earnings 32.44% based on cash flow Is ALLETE a good dividend stock? ALLETE's dividend yield of 4.36% is higher than the average Utilities company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. ALLETE's dividend payout ratio of 90.38% may not be sustainable. Looking at the stock as a whole, market analysts rate ALLETE stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation. 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But the mainstream media is not buying it.Click here to watch this demo and decide for yourself. This page (NYSE:ALE) was last updated on 12/21/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team...True Market Insiders | SponsoredDid You See Trump’s Bombshell Exec. Order 001?Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001."Banyan Hill Publishing | Sponsored$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...Stansberry Research | SponsoredThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. 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