Allete's most recent dividend was on Aug 15, 2024 (ex-date) with a cash dividend payment of $0.705 per share. On an annualized basis, the company has a current payout of $2.79 per share. This brings the dividend yield to 4.39% based on its recent close price.
ALE has a dividend yield of 4.39% which is higher than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 3.14%, Allete's dividend yield is 40% higher. Historically ALE's dividend yield has averaged at 4.1% in the last 5 years, which is less than the current one.
Allete has been paying dividends since 1994. ALE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 4.1% for the last year. But since the stock price has gone up by 13% from a year ago, the dividend yield has decreased by 7%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Aug 15, 2024 | $0.705 | 4.39% |
May 14, 2024 | $0.705 | 4.39% |
Feb 14, 2024 | $0.705 | 4.77% |
Nov 14, 2023 | $0.678 | 4.87% |
Aug 14, 2023 | $0.678 | 4.81% |
May 12, 2023 | $0.678 | 4.29% |
Feb 14, 2023 | $0.678 | 4.46% |
Nov 14, 2022 | $0.65 | 4.17% |
Aug 12, 2022 | $0.65 | 4.08% |
May 13, 2022 | $0.65 | 4.24% |
Feb 14, 2022 | $0.65 | 4.13% |
Nov 12, 2021 | $0.63 | 3.94% |
Aug 13, 2021 | $0.63 | 3.53% |
May 13, 2021 | $0.63 | 3.56% |
Feb 12, 2021 | $0.63 | 3.81% |
Nov 13, 2020 | $0.618 | 4.43% |
Aug 13, 2020 | $0.618 | 4.25% |
May 14, 2020 | $0.618 | 4.82% |
Feb 13, 2020 | $0.618 | 2.93% |
Nov 14, 2019 | $0.588 | 2.9% |
Aug 14, 2019 | $0.588 | 2.78% |
May 14, 2019 | $0.588 | 2.82% |
Feb 14, 2019 | $0.588 | 2.91% |
Nov 14, 2018 | $0.56 | 2.88% |
Aug 14, 2018 | $0.56 | 2.84% |
May 14, 2018 | $0.56 | 2.88% |
Feb 14, 2018 | $0.56 | 3.18% |
Nov 14, 2017 | $0.535 | 2.73% |
Aug 11, 2017 | $0.535 | 2.9% |
May 11, 2017 | $0.535 | 3.04% |
Feb 13, 2017 | $0.535 | 3.2% |
Nov 10, 2016 | $0.52 | 3.56% |
Aug 11, 2016 | $0.52 | 3.37% |
May 12, 2016 | $0.52 | 3.59% |
Feb 11, 2016 | $0.52 | 3.88% |
Nov 12, 2015 | $0.505 | 3.99% |
Aug 12, 2015 | $0.505 | 3.93% |
May 13, 2015 | $0.505 | 4.14% |
Feb 11, 2015 | $0.505 | 3.64% |
ALE has a payout ratio of 72.5% which is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 65.1%, Allete's payout ratio is 11% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
ALE Allete Inc | 4.38% | $2.79 | 72.5% |
EXC Exelon Corp | 3.76% | $1.5 | 61.7% |
DUK Duke Energy CORP | 3.52% | $4.12 | 75.9% |
WEC Wec Energy Group Inc | 3.44% | $3.29 | 75.9% |
XEL Xcel Energy Inc | 3.35% | $2.16 | 64.6% |
LNT Alliant Energy Corp | 3.15% | $1.89 | 77.3% |
AEE Ameren Corp | 3.11% | $2.64 | 59.6% |
NEE Nextera Energy Inc | 2.38% | $2.01 | 65.1% |
Yes, Allete has paid four dividends in the last 12 months. ALE has been paying dividends since 1994.
Allete's last dividend ex-date was on Aug 15, 2024. The dividend amount was $0.705 per share.
On an annual basis ALE pays $2.79 per share.
Currently Allete's dividend yield is 4.39%.
Allete pays dividends quarterly.
The dividend payout ratio of Allete is 72.5%.
Allete's dividend yield is more than the Utilities sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.