ALLETE (ALE) Dividend Yield, Date & History $64.54 -0.18 (-0.28%) (As of 11/14/2024 ET) Add Compare Share Share Dividend Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Dividend SummaryDividend Yield4.37%Annual Dividend$2.82Dividend Increase Track Record 14 YearsAnnualized 3-Year Dividend Growth 3.14%Dividend Payout Ratio 90.38% Next Dividend Payment Dec. 1 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. Email Address Skip Charts & View Dividend HistoryALE Dividend PaymentsOpen ALLETE in Dividend Calculator ALE Dividend Yield Over Time Open ALLETE in Dividend Yield Calculator Ad The Freeport Society5 Stocks to Buy Now That Trump is PresidentThe results are in: Donald Trump is back in the White House. 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ALLETE vs. The CompetitionTypeALLETEUtilities CompaniesNYSE CompaniesAnnual Dividend$2.82$4.44$1.49Dividend Yield4.37%406.39%349.81%Annualized 3-Year Dividend Growth3.14%1.33%15.72%Track Record14 years27 years24 yearsALLETE Dividend Payout RatioTypePayout RatioBased on Trailing 12 Months of Earnings90.38%Based on Cashflow32.64% ALLETE Dividend History by QuarterAnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date10/25/2024quarterly$0.70504.39%11/15/202411/15/202412/1/20247/25/2024Quarterly$0.70054.4%8/15/20248/15/20249/1/20244/25/2024Quarterly$0.70504.73%5/14/20245/15/20246/1/20241/26/2024Quarterly$0.70504.78%2/14/20242/15/20243/1/202410/27/2023Quarterly$0.67805.16%11/14/202311/15/202312/1/20237/31/2023Quarterly$0.67804.72%8/14/20238/15/20239/1/2023Trump’s IRS Hands Massive ‘Victory Gift’ To 401K Owners (Ad)Trump quietly left open an "off the books" wealth-protection loophole hidden in the 6,871 pages of the IRS Tax Code… And since then… "In the know" patriots have quietly used this same "Trump revenge loophole" to shield their life savings from Bidenomics…Get Your Free Gold Guide4/27/2023Quarterly$0.67804.34%5/12/20235/15/20236/1/20232/3/2023Quarterly$0.67804.33%2/14/20232/15/20233/1/202310/28/2022Quarterly$0.654.55%11/14/202211/15/202212/1/20227/29/2022quarterly$0.654.2%8/12/20228/15/20229/1/20224/29/2022quarterly$0.654.4%5/13/20225/16/20226/1/20222/3/2022Quarterly$0.654.05%2/14/20222/15/20223/1/202211/1/2021quarterly$0.634%11/12/202111/15/202112/1/20217/29/2021Quarterly$0.633.53%8/13/20218/16/20219/1/20214/29/2021Quarterly$0.633.63%5/13/20215/14/20216/1/20212/4/2021Quarterly$0.633.95%2/12/20212/16/20213/1/202111/2/2020quarterly$0.61754.6%11/13/202011/16/202012/1/20207/31/2020quarterly$0.61754.2%8/13/20208/14/20209/1/20201/1/1900quarterly$0.61804.4%5/14/20205/15/20206/1/20202/3/2020quarterly$0.61752.9%2/13/20202/14/20203/1/202010/24/2019Quarterly$0.58702.75%11/14/201911/15/201912/1/20197/25/2019quarterly$0.58752.74%8/14/20198/15/20199/1/20194/25/2019quarterly$0.58752.94%5/14/20195/15/20196/1/20192/1/2019quarterly$0.58753.05%2/14/20192/15/20193/1/201910/25/2018quarterly$0.562.88%11/14/201811/15/201812/1/20187/27/2018quarterly$0.562.87%8/14/20188/15/20189/1/20184/25/2018quarterly$0.562.99%5/14/20185/15/20186/1/20181/25/2018quarterly$0.563.05%2/14/20182/15/20183/1/201810/25/2017quarterly$0.53502.71%11/14/201711/15/201712/1/20177/27/2017quarterly$0.53502.95%8/11/20178/15/20179/1/20174/26/2017quarterly$0.53503.01%5/11/20175/15/20176/1/20171/25/2017quarterly$0.53503.33%2/13/20172/15/20173/1/201710/28/2016quarterly$0.523.39%11/10/201611/15/201612/1/20167/28/2016quarterly$0.523.26%8/11/20168/15/20169/1/20164/21/2016quarterly$0.523.82%5/12/20165/16/20166/1/20161/22/2016quarterly$0.524.04%2/11/20162/16/20163/1/201611/2/2015quarterly$0.50503.94%11/12/201511/16/201512/1/20157/31/2015quarterly$0.50504.17%8/12/20158/14/20159/1/20154/30/2015quarterly$0.50504.04%5/13/20155/15/20156/1/20151/23/2015quarterly$0.50503.44%2/11/20152/16/20153/1/2015Trump’s IRS Hands Massive ‘Victory Gift’ To 401K Owners (Ad)Trump quietly left open an "off the books" wealth-protection loophole hidden in the 6,871 pages of the IRS Tax Code… And since then… "In the know" patriots have quietly used this same "Trump revenge loophole" to shield their life savings from Bidenomics…Get Your Free Gold Guide10/30/2014quarterly$0.493.75%11/12/201411/14/201412/1/20147/31/2014quarterly$0.494.09%8/13/20148/15/20149/1/20145/1/2014quarterly$0.493.89%5/13/20145/15/20146/1/20141/30/2014quarterly$0.493.92%2/12/20142/14/20143/1/201410/28/2013quarterly$0.47503.7%11/13/201311/15/201312/1/20137/29/2013quarterly$0.47503.54%8/13/20138/15/20139/1/20135/1/2013quarterly$0.47503.74%5/13/20135/15/20136/1/20131/23/2013quarterly$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 is ALLETE's ex-dividend date? ALLETE's next ex-dividend date is Friday, November 15, 2024. When was ALLETE's most recent ex-dividend date? ALLETE's most recent ex-dividend date was Thursday, August 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 32.64% based on cash flow Is ALLETE a good dividend stock? ALLETE's dividend yield of 4.33% 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. 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