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ALLETE (ALE) Dividend Yield, Date & History

ALLETE logo
$64.36 -0.01 (-0.02%)
(As of 01:30 PM ET)

Dividend Summary

Dividend Yield
4.38%
Annual Dividend
$2.82
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
3.14%
Dividend Payout Ratio
90.38%
Next
Dividend Payment
Dec. 1
Skip Charts & View Dividend History

ALE Dividend Yield Over Time

ALLETE vs. The Competition

TypeALLETEUtilities CompaniesNYSE Companies
Annual Dividend$2.82$4.45$1.55
Dividend Yield4.38%403.69%350.10%
Annualized 3-Year Dividend Growth3.14%1.45%15.72%
Track Record14 years27 years24 years

ALLETE Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings90.38%
Based on Cashflow32.47%

ALLETE Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/25/2024quarterly$0.70504.39%11/15/202411/15/202412/1/2024
7/25/2024Quarterly$0.70054.4%8/15/20248/15/20249/1/2024
4/25/2024Quarterly$0.70504.73%5/14/20245/15/20246/1/2024
1/26/2024Quarterly$0.70504.78%2/14/20242/15/20243/1/2024
10/27/2023Quarterly$0.67805.16%11/14/202311/15/202312/1/2023
7/31/2023Quarterly$0.67804.72%8/14/20238/15/20239/1/2023
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4/27/2023Quarterly$0.67804.34%5/12/20235/15/20236/1/2023
2/3/2023Quarterly$0.67804.33%2/14/20232/15/20233/1/2023
10/28/2022Quarterly$0.654.55%11/14/202211/15/202212/1/2022
7/29/2022quarterly$0.654.2%8/12/20228/15/20229/1/2022
4/29/2022quarterly$0.654.4%5/13/20225/16/20226/1/2022
2/3/2022Quarterly$0.654.05%2/14/20222/15/20223/1/2022
11/1/2021quarterly$0.634%11/12/202111/15/202112/1/2021
7/29/2021Quarterly$0.633.53%8/13/20218/16/20219/1/2021
4/29/2021Quarterly$0.633.63%5/13/20215/14/20216/1/2021
2/4/2021Quarterly$0.633.95%2/12/20212/16/20213/1/2021
11/2/2020quarterly$0.61754.6%11/13/202011/16/202012/1/2020
7/31/2020quarterly$0.61754.2%8/13/20208/14/20209/1/2020
1/1/1900quarterly$0.61804.4%5/14/20205/15/20206/1/2020
2/3/2020quarterly$0.61752.9%2/13/20202/14/20203/1/2020
10/24/2019Quarterly$0.58702.75%11/14/201911/15/201912/1/2019
7/25/2019quarterly$0.58752.74%8/14/20198/15/20199/1/2019
4/25/2019quarterly$0.58752.94%5/14/20195/15/20196/1/2019
2/1/2019quarterly$0.58753.05%2/14/20192/15/20193/1/2019
10/25/2018quarterly$0.562.88%11/14/201811/15/201812/1/2018
7/27/2018quarterly$0.562.87%8/14/20188/15/20189/1/2018
4/25/2018quarterly$0.562.99%5/14/20185/15/20186/1/2018
1/25/2018quarterly$0.563.05%2/14/20182/15/20183/1/2018
10/25/2017quarterly$0.53502.71%11/14/201711/15/201712/1/2017
7/27/2017quarterly$0.53502.95%8/11/20178/15/20179/1/2017
4/26/2017quarterly$0.53503.01%5/11/20175/15/20176/1/2017
1/25/2017quarterly$0.53503.33%2/13/20172/15/20173/1/2017
10/28/2016quarterly$0.523.39%11/10/201611/15/201612/1/2016
7/28/2016quarterly$0.523.26%8/11/20168/15/20169/1/2016
4/21/2016quarterly$0.523.82%5/12/20165/16/20166/1/2016
1/22/2016quarterly$0.524.04%2/11/20162/16/20163/1/2016
11/2/2015quarterly$0.50503.94%11/12/201511/16/201512/1/2015
7/31/2015quarterly$0.50504.17%8/12/20158/14/20159/1/2015
4/30/2015quarterly$0.50504.04%5/13/20155/15/20156/1/2015
1/23/2015quarterly$0.50503.44%2/11/20152/16/20153/1/2015
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10/30/2014quarterly$0.493.75%11/12/201411/14/201412/1/2014
7/31/2014quarterly$0.494.09%8/13/20148/15/20149/1/2014
5/1/2014quarterly$0.493.89%5/13/20145/15/20146/1/2014
1/30/2014quarterly$0.493.92%2/12/20142/14/20143/1/2014
10/28/2013quarterly$0.47503.7%11/13/201311/15/201312/1/2013
7/29/2013quarterly$0.47503.54%8/13/20138/15/20139/1/2013
5/1/2013quarterly$0.47503.74%5/13/20135/15/20136/1/2013
1/23/2013quarterly$0.47504.24%2/13/20132/15/20133/1/2013
(Data available from 1/1/2013 forward)

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 is ALLETE's next dividend payment?

ALLETE's next quarterly dividend payment of $0.7050 per share will be made to shareholders on Sunday, December 1, 2024.

When was ALLETE's most recent dividend payment?

ALLETE's most recent quarterly dividend payment of $0.7005 per share was made to shareholders on Sunday, September 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
  • 32.40% based on cash flow
Is ALLETE a good dividend stock?

ALLETE's dividend yield of 4.37% 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.


This page (NYSE:ALE) was last updated on 11/21/2024 by MarketBeat.com Staff
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