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ALE Allete Inc Dividend

Allete's most recent quarterly dividend was on Nov 12, 2021 (ex-date) with a cash dividend payment of $0.63 per share. On an annualized basis, the company has a current payout of $2.52 per share. This brings the dividend yield to 4.3% based on its recent close price.

ALE next dividend date: Not announced

ALE
DPS
$2.52
Dividend yield
4.3%
Payout ratio
85.1%
Utilities sector
Dividend yield
3.29%
Payout ratio
69.3%

Dividend yield

ALE has a dividend yield of 4.3% which is higher than the Utilities sector, the industry and its peers average.

Dividend history

Allete has been paying dividends since 1994. ALE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 1.9% for the last year. But since the stock price has gone up by 4.2% from a year ago, the dividend yield has decreased by 2.2%.

Recent dividends

Declared on Ex-date Payment date Amount Type
Oct 29, 2021 Nov 12, 2021 Dec 1, 2021 $0.63 normal
Jul 29, 2021 Aug 13, 2021 Sep 1, 2021 $0.63 normal
Apr 29, 2021 May 13, 2021 Jun 1, 2021 $0.63 normal
Feb 4, 2021 Feb 12, 2021 Mar 1, 2021 $0.63 normal
Oct 30, 2020 Nov 13, 2020 Dec 1, 2020 $0.618 normal
Jul 30, 2020 Aug 13, 2020 Sep 1, 2020 $0.618 normal
Apr 30, 2020 May 14, 2020 Jun 1, 2020 $0.618 normal
Jan 31, 2020 Feb 13, 2020 Mar 1, 2020 $0.618 normal
Oct 24, 2019 Nov 14, 2019 Dec 1, 2019 $0.588 normal
Jul 25, 2019 Aug 14, 2019 Sep 1, 2019 $0.588 normal
Apr 24, 2019 May 14, 2019 Jun 1, 2019 $0.588 normal
Feb 1, 2019 Feb 14, 2019 Mar 1, 2019 $0.588 normal
Oct 25, 2018 Nov 14, 2018 Dec 1, 2018 $0.56 normal
Jul 27, 2018 Aug 14, 2018 Sep 1, 2018 $0.56 normal
Apr 25, 2018 May 14, 2018 Jun 1, 2018 $0.56 normal
Jan 24, 2018 Feb 14, 2018 Mar 1, 2018 $0.56 normal
Oct 25, 2017 Nov 14, 2017 Dec 1, 2017 $0.535 normal
Jul 27, 2017 Aug 11, 2017 Sep 1, 2017 $0.535 normal
Apr 26, 2017 May 11, 2017 Jun 1, 2017 $0.535 normal
Jan 25, 2017 Feb 13, 2017 Mar 1, 2017 $0.535 normal
Oct 28, 2016 Nov 10, 2016 Dec 1, 2016 $0.52 normal
Jul 28, 2016 Aug 11, 2016 Sep 1, 2016 $0.52 normal
Apr 21, 2016 May 12, 2016 Jun 1, 2016 $0.52 normal
Jan 22, 2016 Feb 11, 2016 Mar 1, 2016 $0.52 normal

Dividend payouts

Payout ratio

ALE has a payout ratio of 85.1% which is higher than the Utilities sector, the industry and its peers average.

Total amount of dividends paid per financial year (from cash flow)