Allete Inc Stock Dividends
ALE pays dividends quarterly. Last paid amount was $0.705 at Mar 01, 2024. As of today, dividend yield (TTM) is 4.85%.
Dividend Yield Range
AI Analysis of ALE
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 4.85% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 3.98% |
| Payout Ratio | 0 |
| Amount Per Share | $0.705 |
| Next Ex-Dividend Date | May 14, 2024 |
| Next Payment Date | May 14, 2024 |
Upcoming Dividend Payment
To receive the upcoming dividend from ALE the purchase should be done within the next 10 days.
Here's a simple guide on how to buy ALE stock.
ALE Dividend Payout History
To ensure a understanding of ALE's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 14, 2024 | $0 | 0% |
| 2 | Jan 26, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.705 | 1.25% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.678 | 1.21% |
| 4 | Jul 31, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.678 | 1.23% |
| 5 | Apr 27, 2023 | May 12, 2023 | Jun 01, 2023 | $0.678 | 1.17% |
| 6 | Feb 03, 2023 | Feb 14, 2023 | Mar 01, 2023 | $0.678 | 1.11% |
| 7 | Oct 28, 2022 | Nov 14, 2022 | Dec 01, 2022 | $0.650 | 0.98% |
| 8 | Jul 28, 2022 | Aug 12, 2022 | Sep 01, 2022 | $0.650 | 1.08% |
| 9 | Apr 28, 2022 | May 13, 2022 | Jun 01, 2022 | $0.650 | 1.04% |
| 10 | Feb 03, 2022 | Feb 14, 2022 | Mar 01, 2022 | $0.650 | 1.05% |
Dividend Sustainability
With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.
Sustainability score
Growth potential
ALE Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from ALE dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in ALE stock here.
Comparing ALE to Sector and Country
ALE pays a solid dividend yield of 4.85%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.71%). ALE’s dividend yield is lower than the average of the top 25% of dividend payers in the Utilities sector in the US market (8.45%), which means that there are more attractive dividend stocks to consider.
ALE Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Allete Inc | 3.508B | $0.705 | 4.85% | 68.65% | |
| Southwest Gas Corporation | 5.396B | $0.620 | 3.91% | 115.70% |
