Allete Inc Stock Dividends
ALE pays dividends quarterly. Last paid amount was $0 at May 14, 2024. As of today, dividend yield (TTM) is 3.68%.
Dividend Yield Range
AI Analysis of ALE
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 3.68% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | -100.00% |
| Payout Ratio | 0 |
| Amount Per Share | $0 |
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Allete Inc has not yet announced its next dividend date. Last payment date was: May 14, 2024.
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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 | |
|---|---|---|---|---|---|
| 61 | Apr 23, 2009 | May 13, 2009 | Jun 01, 2009 | $0.440 | 1.60% |
| 62 | Jan 22, 2009 | Feb 11, 2009 | Mar 01, 2009 | $0.440 | 1.65% |
| 63 | Oct 24, 2008 | Nov 12, 2008 | Dec 01, 2008 | $0.430 | 1.30% |
| 64 | Jul 24, 2008 | Aug 13, 2008 | Sep 01, 2008 | $0.430 | 1.02% |
| 65 | Apr 24, 2008 | May 13, 2008 | Jun 01, 2008 | $0.430 | 0.97% |
| 66 | Jan 24, 2008 | Feb 13, 2008 | Mar 01, 2008 | $0.430 | 1.19% |
| 67 | Oct 18, 2007 | Nov 13, 2007 | Dec 01, 2007 | $0.410 | 1.00% |
| 68 | Jul 19, 2007 | Aug 13, 2007 | Sep 01, 2007 | $0.410 | 0.97% |
| 69 | Apr 27, 2007 | May 11, 2007 | Jun 01, 2007 | $0.410 | 0.86% |
| 70 | Jan 26, 2007 | Feb 13, 2007 | Mar 01, 2007 | $0.410 | 0.87% |
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 3.68%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.69%). ALE’s dividend yield is lower than the average of the top 25% of dividend payers in the Utilities sector in the US market (8.58%), which means that there are more attractive dividend stocks to consider.
ALE Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Southwest Gas Corporation | 5.455B | $0.620 | 3.73% | 92.02% | |
| Allete Inc | 3.642B | - | 3.68% | 65.65% |
