Allete, Inc. (ALE) Dividends

Allete, Inc. (ALE): $64.38

0.02 (-0.03%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

C

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Industry: Utilities - Domestic

Industry

F

Ranked

#22 of 63

in industry

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
4.38%
ALE Annual Dividend
$2.82
ALE Payout Ratio

ALE Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$64.38$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
2024-08-15Dividend$0.71--
2024-05-14Dividend$0.71--
2024-02-14Dividend$0.71+3.98%
2023-11-14Dividend$0.68--
2023-08-14Dividend$0.68--
2023-05-12Dividend$0.68--
2023-02-14Dividend$0.68+4.31%
2022-11-14Dividend$0.65--
2022-08-12Dividend$0.65--
2022-05-13Dividend$0.65--
2022-02-14Dividend$0.65+3.17%
2021-11-12Dividend$0.63--
2021-08-13Dividend$0.63--
2021-05-13Dividend$0.63--
2021-02-12Dividend$0.63+1.94%
2020-11-13Dividend$0.62--
2020-08-13Dividend$0.62--
2020-05-14Dividend$0.62--
2020-02-13Dividend$0.62+5.28%
2019-11-14Dividend$0.59--
2019-08-14Dividend$0.59--
2019-05-14Dividend$0.59--
2019-02-14Dividend$0.59+4.82%
2018-11-14Dividend$0.56--
2018-08-14Dividend$0.56--
2018-05-14Dividend$0.56--
2018-02-14Dividend$0.56+4.67%
2017-11-14Dividend$0.54--
2017-08-11Dividend$0.54--
2017-05-11Dividend$0.54--
2017-02-13Dividend$0.54+2.88%
2016-11-10Dividend$0.52--
2016-08-11Dividend$0.52--
2016-05-12Dividend$0.52--
2016-02-11Dividend$0.52+2.97%
2015-11-12Dividend$0.51--
2015-08-12Dividend$0.51--
2015-05-13Dividend$0.51--
2015-02-11Dividend$0.51+3.06%
2014-11-12Dividend$0.49--
2014-08-13Dividend$0.49--
2014-05-13Dividend$0.49--
2014-02-12Dividend$0.49+3.16%
2013-11-13Dividend$0.48--
2013-08-13Dividend$0.48--
2013-05-13Dividend$0.48--
2013-02-13Dividend$0.48+3.26%
2012-11-13Dividend$0.46--
2012-08-13Dividend$0.46--
2012-05-11Dividend$0.46--
2012-02-13Dividend$0.46+3.37%
2011-11-10Dividend$0.45--
2011-08-11Dividend$0.45--
2011-05-12Dividend$0.45--
2011-02-11Dividend$0.45+1.14%
2010-11-10Dividend$0.44--
2010-08-12Dividend$0.44--
2010-05-12Dividend$0.44--
2010-02-10Dividend$0.44--
2009-11-12Dividend$0.44--
2009-08-12Dividend$0.44--
2009-05-13Dividend$0.44--
2009-02-11Dividend$0.44+2.33%
2008-11-12Dividend$0.43--
2008-08-13Dividend$0.43--
2008-05-13Dividend$0.43--
2008-02-13Dividend$0.43+4.88%
2007-11-13Dividend$0.41--
2007-08-13Dividend$0.41--
2007-05-11Dividend$0.41--
2007-02-13Dividend$0.41+13.10%
2006-11-13Dividend$0.36--
2006-08-11Dividend$0.36--
2006-05-11Dividend$0.36--
2006-02-13Dividend$0.36+15.08%
2005-11-10Dividend$0.32--
2005-08-11Dividend$0.32--
2005-05-12Dividend$0.32+5.00%
2005-02-11Dividend$0.30--
2004-11-10Dividend$0.30+6.01%
2004-09-21Dividend$0.28--
2004-08-12Dividend$0.28--
2004-05-12Dividend$0.28--
2004-02-11Dividend$0.28--
2003-11-12Dividend$0.28--
2003-08-13Dividend$0.28--
2003-05-13Dividend$0.28--
2003-02-12Dividend$0.28+2.91%
2002-11-13Dividend$0.28--
2002-08-13Dividend$0.28--
2002-05-13Dividend$0.28--
2002-02-13Dividend$0.28+2.61%
2001-11-13Dividend$0.27--
2001-08-13Dividend$0.27--
2001-05-11Dividend$0.27--
2001-02-13Dividend$0.27--
2000-11-13Dividend$0.27--
2000-08-11Dividend$0.27--
2000-05-11Dividend$0.27--
2000-02-11Dividend$0.27--
1999-11-10Dividend$0.27--
1999-08-12Dividend$0.27-66.67%
1999-05-12Dividend$0.80+107.79%
1999-03-03Split2-1-for-1 Stock SplitN/A
1999-02-11Dividend$0.77--
1998-11-12Dividend$0.77--
1998-08-12Dividend$0.77--
1998-05-13Dividend$0.77--
1998-02-11Dividend$0.77--
1997-11-12Dividend$0.77--
1997-08-13Dividend$0.77--
1997-05-13Dividend$0.77--
1997-02-12Dividend$0.77--
1996-11-13Dividend$0.77--
1996-08-13Dividend$0.77--
1996-05-13Dividend$0.77--
1996-02-13Dividend$0.77--
1995-11-13Dividend$0.77--
1995-08-11Dividend$0.77--
1995-05-09Dividend$0.77--
1995-02-09Dividend$0.77+0.99%
1994-11-08Dividend$0.76--
1994-08-09Dividend$0.76--
1994-05-10Dividend$0.76--
1994-02-09Dividend$0.76+2.02%
1993-11-08Dividend$0.74--
1993-08-10Dividend$0.74--
1993-05-10Dividend$0.74--
1993-02-09Dividend$0.74+2.06%
1992-11-09Dividend$0.73--
1992-08-10Dividend$0.73--
1992-05-11Dividend$0.73--
1992-02-10Dividend$0.73+2.11%
1991-11-08Dividend$0.71--
1991-08-09Dividend$0.71--
1991-05-09Dividend$0.71--
1991-02-11Dividend$0.71+2.15%
1990-11-08Dividend$0.70--
1990-08-09Dividend$0.70--
1990-05-09Dividend$0.70--
1990-02-09Dividend$0.70+4.49%
1989-11-09Dividend$0.67--
1989-08-09Dividend$0.67--
1989-05-09Dividend$0.67--
1989-02-09Dividend$0.67+3.49%
1988-11-08Dividend$0.65--
1988-08-09Dividend$0.65--
1988-05-10Dividend$0.65--
1988-02-09Dividend$0.65--


ALE Dividends vs. Peers

ALE's dividend yield currently ranks #22 of 83 vs. its peers in the Utilities - Domestic category.
Rank Symbol Name Dividend Yield
1 NJR NewJersey Resources Corporation 0.00%
2 AGR Avangrid Inc. 0.00%
3 NRGV Energy Vault Holdings, Inc. 0.00%
4 GXP Great Plains Energy Incorporated 0.00%
5 VST Vistra Energy Corp. 0.00%
6 VVC Vectren Corporation 0.00%
7 FE FirstEnergy Corp. 0.00%
8 FLNC Fluence Energy, Inc. 0.00%
9 TERP TerraForm Power, Inc. - New 0.00%
10 SCG SCANA Corporation 0.00%
11 AMPS Altus Power, Inc. 0.00%
12 HE Hawaiian Electric Industries, Inc. 0.00%
13 PNM PNM Resources, Inc. (Holding Co.) 0.00%
14 PNW Pinnacle West Capital Corp. 0.00%
15 WEC WEC Energy Group Inc. 0.00%
16 POR Portland General Electric Co 0.00%
17 PPL PPL Corporation 0.00%
18 HTM U.S. Geothermal Inc. 0.00%
19 NRG NRG Energy Inc. 0.00%
20 DTE DTE Energy Co. 0.00%
21 WGL WGL Holdings Inc 0.00%
22 ALE Allete, Inc. 0.00%
23 DUK Duke Energy Corp. 0.00%
24 FNEC First National Energy Corp. 0.00%
25 CMS CMS Energy Corp. 0.00%
26 SJI South Jersey Industries, Inc. 0.00%
27 BKH Black Hills Corporation 0.00%
28 EVRG Evergy Inc. 0.00%
29 CNP CenterPoint Energy Inc. 0.00%
30 CAFD 8point3 Energy Partners LP - Shares 0.00%
31 SMR NuScale Power Corporation 0.00%
32 WR Westar Energy, Inc. 0.00%
33 NWE NorthWestern Corporation 0.00%
34 NWN Northwest Natural Holding Company 0.00%
35 ED Consolidated Edison Inc. 0.00%
36 EE Excelerate Energy, Inc. 0.00%
37 CWEN Clearway Energy Inc. Cl C 0.00%
38 SO Southern Co. 0.00%
39 ARIS Aris Water Solutions Inc. 0.00%
40 CPK Chesapeake Utilities Corporation 0.00%
41 CPN Calpine Corporation 0.00%
42 XEL Xcel Energy Inc. 0.00%
43 EIX Edison International 0.00%
44 MGEE MGE Energy Inc. 0.00%
45 SRE Sempra 0.00%
46 BIPC Brookfield Infrastructure Corp. Cl A 0.00%
47 OGE OGE Energy Corp 0.00%
48 OGS ONE Gas, Inc. 0.00%
49 OKE ONEOK Inc. 0.00%
50 SPKE Spark Energy, Inc. - 0.00%
51 EGAS Gas Natural Inc. (OH) 0.00%
52 OTTR Otter Tail Corporation 0.00%
53 IDA IDACORP, Inc. 0.00%
54 SR Spire Inc. 0.00%
55 UGI UGI Corporation 0.00%
56 AT Atlantic Power Corporation Ordinary Shares (Canada) 0.00%
57 RGCO RGC Resources Inc. 0.00%
58 OEG Orbital Energy Group, Inc. 0.00%
59 ATO Atmos Energy Corp. 0.00%
60 BEPC Brookfield Renewable Corporation 0.00%
61 GLBL TerraForm Global, Inc. - 0.00%
62 LNT Alliant Energy Corp. 0.00%
63 AVA Avista Corporation 0.00%
64 LFG Archaea Energy Inc. 0.00%
65 AY Atlantica Yield plc - Ordinary Shares 0.00%
66 ES Eversource Energy 0.00%
67 PCG Pacific Gas & Electric Co. 0.00%
68 GNE Genie Energy Ltd. Class B Stock 0.00%
69 UTL UNITIL Corporation 0.00%
70 D Dominion Energy Inc. 0.00%
71 PEGI Pattern Energy Group Inc. - 0.00%
72 VIA Via Renewables Inc. 0.00%
73 ETR Entergy Corp. 0.00%
74 SWX Southwest Gas Holdings, Inc. 0.00%
75 HLGN Heliogen, Inc. 0.00%
76 NEE NextEra Energy Inc. 0.00%
77 PEG Public Service Enterprise Group Inc. 0.00%
78 AEE Ameren Corp. 0.00%
79 EXC Exelon Corp. 0.00%
80 AEP American Electric Power Co. Inc. 0.00%
81 NI NiSource Inc. 0.00%
82 AES AES Corp. 0.00%
83 CEG Constellation 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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