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: |
| $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
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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.
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