Allete, Inc. (ALE) Dividends
Dividend Yield and Dividend History Highlights
- Regarding free cash flow variation: ALE reports less variability in its cash flow than 6.36% of dividend stocks in our set.
- ALE has a compound annual growth rate of its cash flow of 0.64%, higher than about 95.19% stocks in our dividend set.
- Currently, ALE generates more cash flow over the 12 months prior than 4.68% of US dividend stocks.
- To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with ALE's price: CANG, CTXS, SQFT, YY and IRS.
ALE Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $64.05 | $381.97 | 490.01% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. In the case of ALE, the dividend discount model StockNews created for the company implies a positive return of 490.01%. To help understand and contextualize the model's evaluation of ALE, investors may wish to consider are:
- In comparison to other stocks in the small-sized revenue class, its discount rate is lower than that of 7.45% of dividend stocks in the same revenue class (a low discount rate is associated with lower risk).
- Amongst its dividend-issuing peers in the mid-sized market cap category, ALE's beta -- a measure of volatility relative to the market at large -- is lower than 90.94% of them.
- The stock's annual revenue of roughly $1 billion puts it in the small-sized revenue class, where its estimated gain based on our dividend discount model price relative to its current share price is greater than 89.11% of companies in the same revenue class.
ALE Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-08-15 | Dividend | $0.71 | -- |
| 2024-05-14 | Dividend | $0.71 | -- |
| 2024-02-14 | Dividend | $0.71 | +3.98% |
| 2023-11-14 | Dividend | $0.68 | -- |
| 2023-08-14 | Dividend | $0.68 | -- |
| 2023-05-12 | Dividend | $0.68 | -- |
| 2023-02-14 | Dividend | $0.68 | +4.31% |
| 2022-11-14 | Dividend | $0.65 | -- |
| 2022-08-12 | Dividend | $0.65 | -- |
| 2022-05-13 | Dividend | $0.65 | -- |
| 2022-02-14 | Dividend | $0.65 | +3.17% |
| 2021-11-12 | Dividend | $0.63 | -- |
| 2021-08-13 | Dividend | $0.63 | -- |
| 2021-05-13 | Dividend | $0.63 | -- |
| 2021-02-12 | Dividend | $0.63 | +1.94% |
| 2020-11-13 | Dividend | $0.62 | -- |
| 2020-08-13 | Dividend | $0.62 | -- |
| 2020-05-14 | Dividend | $0.62 | -- |
| 2020-02-13 | Dividend | $0.62 | +5.28% |
| 2019-11-14 | Dividend | $0.59 | -- |
| 2019-08-14 | Dividend | $0.59 | -- |
| 2019-05-14 | Dividend | $0.59 | -- |
| 2019-02-14 | Dividend | $0.59 | +4.82% |
| 2018-11-14 | Dividend | $0.56 | -- |
| 2018-08-14 | Dividend | $0.56 | -- |
| 2018-05-14 | Dividend | $0.56 | -- |
| 2018-02-14 | Dividend | $0.56 | +4.67% |
| 2017-11-14 | Dividend | $0.54 | -- |
| 2017-08-11 | Dividend | $0.54 | -- |
| 2017-05-11 | Dividend | $0.54 | -- |
| 2017-02-13 | Dividend | $0.54 | +2.88% |
| 2016-11-10 | Dividend | $0.52 | -- |
| 2016-08-11 | Dividend | $0.52 | -- |
| 2016-05-12 | Dividend | $0.52 | -- |
| 2016-02-11 | Dividend | $0.52 | +2.97% |
| 2015-11-12 | Dividend | $0.51 | -- |
| 2015-08-12 | Dividend | $0.51 | -- |
| 2015-05-13 | Dividend | $0.51 | -- |
| 2015-02-11 | Dividend | $0.51 | +3.06% |
| 2014-11-12 | Dividend | $0.49 | -- |
| 2014-08-13 | Dividend | $0.49 | -- |
| 2014-05-13 | Dividend | $0.49 | -- |
| 2014-02-12 | Dividend | $0.49 | +3.16% |
| 2013-11-13 | Dividend | $0.48 | -- |
| 2013-08-13 | Dividend | $0.48 | -- |
| 2013-05-13 | Dividend | $0.48 | -- |
| 2013-02-13 | Dividend | $0.48 | +3.26% |
| 2012-11-13 | Dividend | $0.46 | -- |
| 2012-08-13 | Dividend | $0.46 | -- |
| 2012-05-11 | Dividend | $0.46 | -- |
| 2012-02-13 | Dividend | $0.46 | +3.37% |
| 2011-11-10 | Dividend | $0.45 | -- |
| 2011-08-11 | Dividend | $0.45 | -- |
| 2011-05-12 | Dividend | $0.45 | -- |
| 2011-02-11 | Dividend | $0.45 | +1.14% |
| 2010-11-10 | Dividend | $0.44 | -- |
| 2010-08-12 | Dividend | $0.44 | -- |
| 2010-05-12 | Dividend | $0.44 | -- |
| 2010-02-10 | Dividend | $0.44 | -- |
| 2009-11-12 | Dividend | $0.44 | -- |
| 2009-08-12 | Dividend | $0.44 | -- |
| 2009-05-13 | Dividend | $0.44 | -- |
| 2009-02-11 | Dividend | $0.44 | +2.33% |
| 2008-11-12 | Dividend | $0.43 | -- |
| 2008-08-13 | Dividend | $0.43 | -- |
| 2008-05-13 | Dividend | $0.43 | -- |
| 2008-02-13 | Dividend | $0.43 | +4.88% |
| 2007-11-13 | Dividend | $0.41 | -- |
| 2007-08-13 | Dividend | $0.41 | -- |
| 2007-05-11 | Dividend | $0.41 | -- |
| 2007-02-13 | Dividend | $0.41 | +13.10% |
| 2006-11-13 | Dividend | $0.36 | -- |
| 2006-08-11 | Dividend | $0.36 | -- |
| 2006-05-11 | Dividend | $0.36 | -- |
| 2006-02-13 | Dividend | $0.36 | +15.08% |
| 2005-11-10 | Dividend | $0.32 | -- |
| 2005-08-11 | Dividend | $0.32 | -- |
| 2005-05-12 | Dividend | $0.32 | +5.00% |
| 2005-02-11 | Dividend | $0.30 | -- |
| 2004-11-10 | Dividend | $0.30 | +6.01% |
| 2004-09-21 | Dividend | $0.28 | -- |
| 2004-08-12 | Dividend | $0.28 | -- |
| 2004-05-12 | Dividend | $0.28 | -- |
| 2004-02-11 | Dividend | $0.28 | -- |
| 2003-11-12 | Dividend | $0.28 | -- |
| 2003-08-13 | Dividend | $0.28 | -- |
| 2003-05-13 | Dividend | $0.28 | -- |
| 2003-02-12 | Dividend | $0.28 | +2.91% |
| 2002-11-13 | Dividend | $0.28 | -- |
| 2002-08-13 | Dividend | $0.28 | -- |
| 2002-05-13 | Dividend | $0.28 | -- |
| 2002-02-13 | Dividend | $0.28 | +2.61% |
| 2001-11-13 | Dividend | $0.27 | -- |
| 2001-08-13 | Dividend | $0.27 | -- |
| 2001-05-11 | Dividend | $0.27 | -- |
| 2001-02-13 | Dividend | $0.27 | -- |
| 2000-11-13 | Dividend | $0.27 | -- |
| 2000-08-11 | Dividend | $0.27 | -- |
| 2000-05-11 | Dividend | $0.27 | -- |
| 2000-02-11 | Dividend | $0.27 | -- |
| 1999-11-10 | Dividend | $0.27 | -- |
| 1999-08-12 | Dividend | $0.27 | -66.67% |
| 1999-05-12 | Dividend | $0.80 | +107.79% |
| 1999-03-03 | Split | 2-1-for-1 Stock Split | N/A |
| 1999-02-11 | Dividend | $0.77 | -- |
| 1998-11-12 | Dividend | $0.77 | -- |
| 1998-08-12 | Dividend | $0.77 | -- |
| 1998-05-13 | Dividend | $0.77 | -- |
| 1998-02-11 | Dividend | $0.77 | -- |
| 1997-11-12 | Dividend | $0.77 | -- |
| 1997-08-13 | Dividend | $0.77 | -- |
| 1997-05-13 | Dividend | $0.77 | -- |
| 1997-02-12 | Dividend | $0.77 | -- |
| 1996-11-13 | Dividend | $0.77 | -- |
| 1996-08-13 | Dividend | $0.77 | -- |
| 1996-05-13 | Dividend | $0.77 | -- |
| 1996-02-13 | Dividend | $0.77 | -- |
| 1995-11-13 | Dividend | $0.77 | -- |
| 1995-08-11 | Dividend | $0.77 | -- |
| 1995-05-09 | Dividend | $0.77 | -- |
| 1995-02-09 | Dividend | $0.77 | +0.99% |
| 1994-11-08 | Dividend | $0.76 | -- |
| 1994-08-09 | Dividend | $0.76 | -- |
| 1994-05-10 | Dividend | $0.76 | -- |
| 1994-02-09 | Dividend | $0.76 | +2.02% |
| 1993-11-08 | Dividend | $0.74 | -- |
| 1993-08-10 | Dividend | $0.74 | -- |
| 1993-05-10 | Dividend | $0.74 | -- |
| 1993-02-09 | Dividend | $0.74 | +2.06% |
| 1992-11-09 | Dividend | $0.73 | -- |
| 1992-08-10 | Dividend | $0.73 | -- |
| 1992-05-11 | Dividend | $0.73 | -- |
| 1992-02-10 | Dividend | $0.73 | +2.11% |
| 1991-11-08 | Dividend | $0.71 | -- |
| 1991-08-09 | Dividend | $0.71 | -- |
| 1991-05-09 | Dividend | $0.71 | -- |
| 1991-02-11 | Dividend | $0.71 | +2.15% |
| 1990-11-08 | Dividend | $0.70 | -- |
| 1990-08-09 | Dividend | $0.70 | -- |
| 1990-05-09 | Dividend | $0.70 | -- |
| 1990-02-09 | Dividend | $0.70 | +4.49% |
| 1989-11-09 | Dividend | $0.67 | -- |
| 1989-08-09 | Dividend | $0.67 | -- |
| 1989-05-09 | Dividend | $0.67 | -- |
| 1989-02-09 | Dividend | $0.67 | +3.49% |
| 1988-11-08 | Dividend | $0.65 | -- |
| 1988-08-09 | Dividend | $0.65 | -- |
| 1988-05-10 | Dividend | $0.65 | -- |
| 1988-02-09 | Dividend | $0.65 | -- |
ALE Dividends vs. Peers
ALE's dividend yield currently ranks #22 of 83 vs. its peers in the Utilities - Domestic category.
Looking for More Information on ALE dividends?
Here are a few links from around the web to help you further your research on Allete Inc and its dividends:Allete Inc Common Stock (ALE) Dividend History | Nasdaq
Dividend History for Allete Inc (ALE) - Dividend Investor
Allete Inc (ALE) Dividend History - Seeking Alpha