Allete, Inc. (ALE) Dividends

Allete, Inc. (ALE): $63.93

-0.22 (-0.34%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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 Ex-Dividend Date
ALE Dividend Yield
3.93%
ALE Annual Dividend
$2.52
ALE Payout Ratio

ALE Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$63.93$170.79 160.19%

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. In the case of ALE, the dividend discount model StockNews created for the company implies a positive return of 160.19%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Allete Inc are:

  • In comparison to other stocks in the small-sized revenue class, it has a discount rate lower than 14.76% of dividend issuing stocks in its revenue class.
  • Amongst its dividend-issuing peers in the mid-sized market cap category, ALE has a beta lower than 87.82% of them.
  • ALE's market cap of approximately $3 billion makes it a mid-sized market cap company; out of dividend issuers in this group, the investment opportunity based on the difference between its current share price and its forecasted DDM value is greater than 84.5% of them.

ALE Dividend Chart


ALE Dividend History

Ex-Dividend Date Type Payout Amount Change
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ALE Dividends vs. Peers

ALE's dividend yield currently ranks #15 of 76 vs. its peers in the Utilities - Domestic category.
Rank Symbol Name Dividend Yield
1 CAFD 8point3 Energy Partners LP - Shares 9.02%
2 SPKE Spark Energy, Inc. - 6.62%
3 PEGI Pattern Energy Group Inc. - 6.32%
4 OKE ONEOK, Inc. 6.09%
5 PPL PPL Corporation 5.55%
6 AY Atlantica Yield plc - Ordinary Shares 5.39%
7 PNW Pinnacle West Capital Corporation 4.87%
8 SJI South Jersey Industries, Inc. 4.81%
9 EIX Edison International 4.39%
10 OGE OGE Energy Corp 4.35%
11 NWE NorthWestern Corporation 4.27%
12 TERP TerraForm Power, Inc. - New 4.19%
13 CWEN Clearway Energy, Inc. Class C 4.16%
14 SR Spire Inc. 4.11%
15 ALE Allete, Inc. 3.96%
16 NWN Northwest Natural Holding Company 3.95%
17 SO Southern Co. 3.88%
18 DUK Duke Energy Corp. 3.87%
19 AVA Avista Corporation 3.85%
20 ED Consolidated Edison, Inc. 3.78%
21 FE FirstEnergy Corp. 3.75%
22 AGR Avangrid, Inc. 3.72%
23 NJR NewJersey Resources Corporation 3.70%
24 BEPC Brookfield Renewable Corporation 3.68%
25 ETR Entergy Corporation 3.68%
26 SWX Southwest Gas Holdings, Inc. 3.62%
27 EVRG Evergy, Inc. 3.55%
28 BKH Black Hills Corporation 3.51%
29 AEP American Electric Power Company, Inc. 3.45%
30 GXP Great Plains Energy Incorporated 3.34%
31 UTL UNITIL Corporation 3.33%
32 POR Portland General Electric Co 3.27%
33 HE Hawaiian Electric Industries, Inc. 3.24%
34 SRE Sempra Energy 3.24%
35 NRG NRG Energy, Inc. 3.23%
36 D Dominion Energy Inc. 3.21%
37 BIPC Brookfield Infrastructure Corp. Cl A 3.13%
38 PEG Public Service Enterprise Group Incorporated 3.13%
39 NI NiSource Inc 3.13%
40 DTE DTE Energy Company 2.99%
41 UGI UGI Corporation 2.98%
42 WR Westar Energy, Inc. 2.90%
43 PNM PNM Resources, Inc. (Holding Co.) 2.89%
44 OGS ONE Gas, Inc. 2.89%
45 WEC WEC Energy Group, Inc. 2.83%
46 ES Eversource Energy (D/B/A) 2.78%
47 CMS CMS Energy Corporation 2.75%
48 IDA IDACORP, Inc. 2.75%
49 EXC Exelon Corporation 2.73%
50 LNT Alliant Energy Corporation 2.70%
51 XEL Xcel Energy Inc. 2.68%
52 VST Vistra Energy Corp. 2.67%
53 AES AES Corp. 2.66%
54 VVC Vectren Corporation 2.65%
55 ATO Atmos Energy Corporation 2.58%
56 AEE Ameren Corporation 2.51%
57 CNP CenterPoint Energy, Inc (Holding Co) 2.49%
58 OTTR Otter Tail Corporation 2.49%
59 EE El Paso Electric Company 2.40%
60 WGL WGL Holdings Inc 2.32%
61 EGAS Gas Natural Inc. (OH) 2.29%
62 MGEE MGE Energy Inc. 2.02%
63 NEE NextEra Energy Inc. 1.90%
64 CPK Chesapeake Utilities Corporation 1.44%
65 SCG SCANA Corporation 1.01%
66 FLNC Fluence Energy, Inc. 0.00%
67 AMPS Altus Power, Inc. 0.00%
68 HTM U.S. Geothermal Inc. 0.00%
69 CPN Calpine Corporation 0.00%
70 AT Atlantic Power Corporation Ordinary Shares (Canada) 0.00%
71 RGCO RGC Resources Inc. 0.00%
72 GLBL TerraForm Global, Inc. - 0.00%
73 LFG Archaea Energy Inc. 0.00%
74 PCG Pacific Gas & Electric Co. 0.00%
75 HLGN Heliogen, Inc. 0.00%
76 FNEC First National Energy Corp. 0.00%

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

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