Allete's most recent dividend was on Feb 14, 2025 (ex-date) with a cash dividend payment of $0.73 per share. On an annualized basis, the company has a current payout of $2.85 per share. This brings the dividend yield to 4.34% based on its recent close price. The latest dividend has increased by $0.03, or 3.5% from the previous payment.
Key dates
- ALE last dividend date: Feb 14, 2025
ALE dividend stats
vs. Utilities sector
Dividend yield
ALE has a dividend yield of 4.34% which is higher than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 3.19%, Allete's dividend yield is 36% higher. Historically ALE's dividend yield has averaged at 4.3% in the last 5 years, which is in line with 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 3.9% for the last year. And since the stock price has gone up by 3.8% from a year ago, the dividend yield has increased by 0.2%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Feb 14, 2025 | $0.73 | 4.35% |
| Nov 15, 2024 | $0.705 | 4.38% |
| 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 88.9% which is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 62.7%, Allete's payout ratio is 42% higher.
Total amount of dividends paid per financial year (from cash flow)
ALE dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NWE Northwestern Corp | 4.68% | $2.61 | 67.8% |
| ALE Allete Inc | 4.34% | $2.85 | 88.9% |
| DUK Duke Energy CORP | 3.59% | $4.16 | 69% |
| EXC Exelon Corp | 3.58% | $1.56 | 58% |
| LNT Alliant Energy Corp | 3.32% | $1.98 | 68.1% |
| XEL Xcel Energy Inc | 3.26% | $2.21 | 65.1% |
| WEC Wec Energy Group Inc | 3.24% | $3.4 | 66.1% |
| NEE Nextera Energy Inc | 3.03% | $2.11 | 78.8% |
| AEE Ameren Corp | 2.85% | $2.72 | 60.2% |
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 Feb 14, 2025. The dividend amount was $0.73 per share.
How much dividend does Allete pay (per share)?
On an annual basis ALE pays $2.85 per share.
What is Allete's dividend yield?
Currently Allete's dividend yield is 4.34%.
How often does Allete pay dividends?
Allete pays dividends quarterly.
What is Allete's dividend payout ratio?
The dividend payout ratio of Allete is 88.9%.
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.