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 has a dividend yield of 4.3% which is higher than the Utilities sector, the industry and its peers average.
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%.
| 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 |
ALE has a payout ratio of 85.1% which is higher than the Utilities sector, the industry and its peers average.