ALE Dividend History - Allete

Track the latest ALE dividend history: 3.33% Dividend Yield, 2.67% Annual Growth - Explore ALE's complete dividend history

Yield 12m 3.33%
Cash Amount 12m 2.11
Dividend Growth 5y avg 2.67%
Dividend Rating 60.56%
Yield on Cost 5y 3.32%
Payout Ratio 91.8%
Payout Frequency 12m 3
Payout Consistency 97.2%
Total Return 12m: 19.82%
#1 in Group
Total Return 5y: 2.82%
#1 in Group

Dividends Cash Amount per Share Yearly

Number of Payouts Yearly

5 Years Chart with Price and Dividend Yield

Top Dividend Payers in Electric Utilities

Top Dividend Yield in Peer Group
Symbol Market Cap in USD Yield Yield on Cost
ALE 3,790m 3.33% 3.32%
CIG 6,418m 13.0% 31.2%
CMSA 6,539m 7.52% 8.62%
AEP 54,258m 2.73% 3.23%
Top Dividend Grower in Peer Group
Symbol Market Cap in USD Grow Rating
ALE 3,790m 2.67% 60.6%
CIG 6,418m 19.8% 79.1%
DTW 4,061m 0.06% 57.5%
AEP 54,258m 4.68% 61.2%

ALE Dividend History - Last 40 Dividends (Paid in USD)

Ex-Date Record Date Payment Date Period Cash Amount Growth Rate Payout Yield
2024-11-15 2024-11-15 2024-12-01 Quarterly 0.705 1.1%
2024-08-15 2024-08-15 2024-09-01 Quarterly 0.705 1.1%
2024-05-14 2024-05-15 2024-06-01 Quarterly 0.705 1.11%
2024-02-14 2024-02-15 2024-03-01 Quarterly 0.705 4% 1.24%
2023-11-14 2023-11-15 2023-12-01 Quarterly 0.678 1.26%
2023-08-14 2023-08-15 2023-09-01 Quarterly 0.678 1.2%
2023-05-12 2023-05-15 2023-06-01 Quarterly 0.678 1.09%
2023-02-14 2023-02-15 2023-03-01 Quarterly 0.678 4.3% 1.14%
2022-11-14 2022-11-15 2022-12-01 Quarterly 0.65 1.06%
2022-08-12 2022-08-15 2022-09-01 Quarterly 0.65 1.05%
2022-05-13 2022-05-16 2022-06-01 Quarterly 0.65 1.1%
2022-02-14 2022-02-15 2022-03-01 Quarterly 0.65 3.2% 1.05%
2021-11-12 2021-11-15 2021-12-01 Quarterly 0.63 0.98%
2021-08-13 2021-08-16 2021-09-01 Quarterly 0.63 0.89%
2021-05-13 2021-05-14 2021-06-01 Quarterly 0.63 0.92%
2021-02-12 2021-02-16 2021-03-01 Quarterly 0.63 1.9% 0.95%
2020-11-13 2020-11-16 2020-12-01 Quarterly 0.618 1.11%
2020-08-13 2020-08-14 2020-09-01 Quarterly 0.618 1.07%
2020-05-14 2020-05-15 2020-06-01 Quarterly 0.618 1.22%
2020-02-13 2020-02-14 2020-03-01 Quarterly 0.618 5.1%
2019-11-14 2019-11-15 2019-12-01 Quarterly 0.588
2019-08-14 2019-08-15 2019-09-01 Quarterly 0.588
2019-05-14 2019-05-15 2019-06-01 Quarterly 0.588
2019-02-14 2019-02-15 2019-03-01 Quarterly 0.588 5%
2018-11-14 2018-11-15 2018-12-01 Quarterly 0.56
2018-08-14 2018-08-15 2018-09-01 Quarterly 0.56
2018-05-14 2018-05-15 2018-06-01 Quarterly 0.56
2018-02-14 2018-02-15 2018-03-01 Quarterly 0.56 4.7%
2017-11-14 2017-11-15 2017-12-01 Quarterly 0.535
2017-08-11 2017-08-15 2017-09-01 Quarterly 0.535
2017-05-11 2017-05-15 2017-06-01 Quarterly 0.535
2017-02-13 2017-02-15 2017-03-01 Quarterly 0.535 2.9%
2016-11-10 2016-11-15 2016-12-01 Quarterly 0.52
2016-08-11 2016-08-15 2016-09-01 Quarterly 0.52
2016-05-12 2016-05-16 2016-06-01 Quarterly 0.52
2016-02-11 2016-02-16 2016-03-01 Quarterly 0.52 3%
2015-11-12 2015-11-16 2015-12-01 Quarterly 0.505
2015-08-12 2015-08-14 2015-09-01 Quarterly 0.505
2015-05-13 2015-05-15 2015-06-01 Quarterly 0.505
2015-02-11 2015-02-16 2015-03-01 Quarterly 0.505

ALE Dividend History - FAQ

Does ALE pay dividends?

Yes, as of February 2025, ALE paid a dividend of 2.11 USD in the last 12 months. The last dividend was paid on 2024-11-15.

What is the Dividend Yield of ALE?

As of February 2025, ALE`s dividend yield is 3.33%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.11 USD by the current share price of 65.51.

How often does ALE pay dividends?

ALE pays dividends quarterly. Over the last 12 months (TTM), ALE has issued 3 dividend payments.

What is the next Ex-Dividend Date for ALE?

The next ex-dividend date for Allete (ALE) is unknown.

What is the Dividend Growth Rate of ALE?

ALE's average dividend growth rate over the past 5 years is 2.67% per year.
Weak growth: Dividend increases are lagging behind inflation.

What is the Yield on Cost of ALE?

ALE's 5-Year Yield on Cost is 3.32%. This represents the effective dividend yield for an investor who bought Allete five years ago. It is calculated as the trailing 12-month dividend cash amount (2.11) divided by the purchase price five years ago (63.71):

What is the Payout Consistency of ALE?

ALE Payout Consistency is 97.2%.
Highly consistent: Allete has a strong track record of consistent dividend payments.

Does ALE have a good Dividend Yield?

ALE`s 3.33% Dividend Yield is considered as moderate.

What is the Dividend Payout Ratio of ALE?

The Dividend Payout Ratio of ALE is 91.8%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of ALE?

ALE`s Overall Dividend Rating is 60.56%. Ratings surpassing 60 are regarded as favorable, exceeding 75 are strong, and surpassing 85 are exceptional.

Bonus Section: ALE Outstanding Shares

What is the Trend of ALE`s Outstanding Shares?

The Outstanding Shares of Allete are growing at a rate of 2.06% per year on average over the last 5 years. The Correlation Coefficent of the Outstanding Shares is 100.0%. Investors should be aware that the price of a stock often is negatively affected by an increasing number of shares.

Did Allete ever had a Stock Split?

Yes, last Stock Split was on 2004-09-21 with a factor of 1:3. This reverse stock split decreased the number of shares and increased the price per share by a ratio of 0.33.
Year Number of Shares (Mill.) Growth Rate
1985 19166700
1986 19166700
1987 19166700
1988 19166700
1989 19375000 +1.09%
1990 21153800 +9.18%
1991 18695700 -11.62%
1992 19569900 +4.68%
1993 19111100 -2.34%
1994 18712100 -2.09%
1995 19032300 +1.71%
1996 20000000 +5.08%
1997 20689700 +3.45%
1998 22666700 +9.56%
1999 23031000 +1.61%
2000 23930900 +3.91%
2001 26997300 +12.81%
2002 27430600 +1.6%
2003 28263800 +3.04%
2004 27400000 -3.06%
2005 27700000 +1.09%
2006 28100000 +1.44%
2007 28700000 +2.14%
2008 31000000 +8.01%
2009 33800000 +9.03%
2010 34700000 +2.66%
2011 36900000 +6.34%
2012 39000000 +5.69%
2013 41600000 +6.67%
2014 47100000 +13.22%
2015 49100000 +4.25%
2016 50400000 +2.65%
2017 51400000 +1.98%
2018 51700000 +0.58%
2019 51800000 +0.19%
2020 52200000 +0.77%
2021 52500000 +0.57%
2022 57200000 +8.95%
2023 57600000 +0.7%
2024 57800000 +0.35%