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NYSE: ALE
Allete Inc Stock Dividend Yield & Dates

OverviewForecastEarningsDividend
Ownership

ALE dividend stability and growth

Last Dividend per share
$0.7050
Forward Dividend yield
4.91%
ALE's dividend has not dropped... subscribe to Premium to read more.
Dividend Stability Dividend
ALE dividends have increased over... subscribe to Premium to read more.
Consistent Dividend Growth Dividend

ALE dividend yield vs industry/market

Company
4.64%
Industry
4.43%
ALE dividends (4.64%) are in... subscribe to Premium to read more.
Top 75% Dividend Dividend
ALE dividends (4.64%) are in... subscribe to Premium to read more.
Top 25% Dividend Dividend

ALE dividend payout ratio

Allete Inc paid out 63.5% of its earnings over the trailing twelve months.
Retained earnings
36.5%
Payout ratio
63.5%
ALE earnings ($247.10M) are sufficient... subscribe to Premium to read more.
Dividend Payout Ratio Dividend

ALE vs Diversified Utility Stocks

TickerDiv. YieldStable?Drop Count (L10Y)Payout Ratio
ALE4.64%Yes0+63.50%
OTTR2.10%Yes0+25.20%
BKH4.69%Yes0+48.00%
NWE2.58%0+59.40%
AVA5.22%Yes0+61.60%
View Top Diversified Utility Stocks

ALE dividend dates

Next dividend payment date
Jun 1, 2024
Next ex-dividend date
May 14, 2024

Be the first to know when ALE increases or cuts their dividend.

Allete Dividends FAQ

Does Allete pay a dividend?

Yes, ALE has paid a dividend within the past 3 months.


If you're new to stock investing, here's how to buy Allete stock.

What is Allete's Dividend Payment Date?

Allete's next dividend payment date is on 2024-06-01, when Allete shareholders who owned ALE shares before 2024-05-14 will receive a dividend payment of $0.7050 per share. Add ALE to your watchlist to be reminded of ALE's next dividend payment.

Is Allete's dividend stable?

Yes, ALE's dividend has been stable for the last 10 years.

Does Allete have sufficient earnings to cover their dividend?

Yes, ALE's past year earnings per share was $4.31, and their annual dividend per share is $2.74. ALE's dividend payout ratio is 63.5%, which is sustainable.

How much is Allete's dividend?

ALE pays a dividend of $2.74 per share. ALE's annual dividend yield is 4.64%. Allete's dividend is higher than the US industry average of 4.43%, and it is higher than the US market average of 4.14%.

What is Allete's Ex-Dividend Date?

Allete's upcoming ex-dividend date is on 2024-05-14. Allete shareholders who own ALE stock before this date will receive Allete's next dividend payment of $0.7050 per share on 2024-06-01. Add ALE to your watchlist to be reminded before ALE's ex-dividend date.

Is Allete's dividend showing long-term growth?

Yes, ALE's' dividend has been growing over the last 10 years.
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