ALE Allete dividend history, payout ratio & dates
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.
Key dates
- ALE last dividend date: Aug 15, 2024
ALE dividend stats
vs. Utilities sector
Dividend yield
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.
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 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%.
Recent dividends
| 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% |
Allete dividend payout ratio
Payout ratio
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.
Total amount of dividends paid per financial year (from cash flow)
ALE dividend vs peer dividends
| 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% |
Frequently asked questions
Does Allete pay a dividend?
Yes, Allete has paid four dividends in the last 12 months. ALE has been paying dividends since 1994.
When was ALE's last dividend?
Allete's last dividend ex-date was on Aug 15, 2024. The dividend amount was $0.705 per share.
How much dividend does Allete pay (per share)?
On an annual basis ALE pays $2.79 per share.
What is Allete's dividend yield?
Currently Allete's dividend yield is 4.39%.
How often does Allete pay dividends?
Allete pays dividends quarterly.
What is Allete's dividend payout ratio?
The dividend payout ratio of Allete is 72.5%.
Does Allete pay a good dividend?
Allete's dividend yield is more than the Utilities sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.