Allete, Inc. (ALE) Dividends

Allete, Inc. (ALE)

Today's Latest Price: $51.74 USD

0.00 (0.00%)

Updated Oct 1 11:19am

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 61 in Utilities - Domestic

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • Regarding free cash flow variation: ALE reports less variability in its cash flow than only 4.14% of dividend stocks in our set.
  • Currently, ALE generates more cash flow over the 12 months prior than merely 4.21% of US dividend stocks.
  • As for stocks whose price is uncorrelated with ALE's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: EXPO, SCCO, CNI, UFPI and MXIM.
ALE Ex-Dividend Date
ALE Dividend Yield
4.77%
ALE Annual Dividend
$2.47
ALE Payout Ratio

ALE Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$51.74$58.2 12.95%

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. As for ALE, the dividend discount model StockNews created for the company implies a positive return of 12.95%. To help understand and contextualize the model's evaluation of ALE, investors may wish to consider are:

  • Relative to all dividend yielding stocks in our set, Allete Inc's dividend yield of 4.75% is in the top 26.86%.
  • Beta, a measure of volatility relative to the stock market overall, is lower for Allete Inc than it is for merely 22.06% of other dividend issuers in the Utilities sector.
  • In comparison to its fellow dividend issuing stocks in the Utilities sector, Allete Inc has an equity discount rate lower than merely 22.06% 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 #13 of 70 vs. its peers in the Utilities - Domestic category.
Rank Symbol Name Dividend Yield
1 OKE ONEOK, Inc. 14.40%
2 CAFD 8point3 Energy Partners LP - Shares 9.02%
3 SPKE Spark Energy, Inc. - 8.77%
4 PEGI Pattern Energy Group Inc. - 6.32%
5 SJI South Jersey Industries, Inc. 6.12%
6 PPL PPL Corporation 6.10%
7 AY Atlantica Yield plc - Ordinary Shares 5.87%
8 FE FirstEnergy Corp. 5.43%
9 OGE OGE Energy Corp 5.17%
10 EIX Edison International 5.02%
11 NWE NorthWestern Corporation 4.93%
12 NJR NewJersey Resources Corporation 4.92%
13 ALE Allete, Inc. 4.77%
14 D Dominion Energy, Inc. 4.76%
15 AVA Avista Corporation 4.75%
16 SO Southern Company (The) 4.72%
17 SR Spire Inc. 4.68%
18 CWEN Clearway Energy, Inc. Class C 4.64%
19 POR Portland General Electric Co 4.59%
20 DUK Duke Energy Corporation (Holding Company) 4.36%
21 EXC Exelon Corporation 4.28%
22 NWN Northwest Natural Holding Company 4.21%
23 PNW Pinnacle West Capital Corporation 4.20%
24 TERP TerraForm Power, Inc. - New 4.19%
25 OTTR Otter Tail Corporation 4.09%
26 BKH Black Hills Corporation 4.00%
27 UGI UGI Corporation 4.00%
28 HE Hawaiian Electric Industries, Inc. 3.97%
29 ED Consolidated Edison, Inc. 3.93%
30 NRG NRG Energy, Inc. 3.90%
31 UTL UNITIL Corporation 3.88%
32 NI NiSource Inc 3.82%
33 ETR Entergy Corporation 3.78%
34 MDU MDU Resources Group, Inc. (Holding Company) 3.69%
35 SWX Southwest Gas Holdings, Inc. 3.61%
36 PEG Public Service Enterprise Group Incorporated 3.57%
37 SRE Sempra Energy 3.53%
38 DTE DTE Energy Company 3.52%
39 AGR Avangrid, Inc. 3.49%
40 AEP American Electric Power Company, Inc. 3.43%
41 IDA IDACORP, Inc. 3.35%
42 GXP Great Plains Energy Incorporated 3.34%
43 AES The AES Corporation 3.15%
44 OGS ONE Gas, Inc. 3.13%
45 CNP CenterPoint Energy, Inc (Holding Co) 3.10%
46 PNM PNM Resources, Inc. (Holding Co.) 2.98%
47 LNT Alliant Energy Corporation 2.94%
48 WR Westar Energy, Inc. 2.90%
49 VST Vistra Energy Corp. 2.86%
50 ES Eversource Energy (D/B/A) 2.72%
51 VVC Vectren Corporation 2.65%
52 CMS CMS Energy Corporation 2.65%
53 WEC WEC Energy Group, Inc. 2.61%
54 AEE Ameren Corporation 2.50%
55 XEL Xcel Energy Inc. 2.49%
56 ATO Atmos Energy Corporation 2.41%
57 EE El Paso Electric Company 2.40%
58 MGEE MGE Energy Inc. 2.36%
59 WGL WGL Holdings Inc 2.32%
60 EGAS Gas Natural Inc. (OH) 2.29%
61 CPK Chesapeake Utilities Corporation 2.09%
62 NEE NextEra Energy, Inc. 2.02%
63 SCG SCANA Corporation 1.01%
64 HTM U.S. Geothermal Inc. 0.00%
65 DYN Dynegy Inc. 0.00%
66 CPN Calpine Corporation 0.00%
67 AT Atlantic Power Corporation Ordinary Shares (Canada) 0.00%
68 RGCO RGC Resources Inc. 0.00%
69 GLBL TerraForm Global, Inc. - 0.00%
70 PCG Pacific Gas & Electric Co. 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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