Allete (ALE) Dividend History & Analysis

Track McKesson's (ALE) dividend history - current yield, annual dividend growth rate, payout history and peer comparisons.

Yield 12m 4.45%
Dividends per Share 12m 2.84
Dividend Growth Rate 5y 2.69%
Overall Dividend Rating 67.51%
Yield on Cost 5y 5.96%
Payout Ratio 91.8%
Payout Frequency 12m 4
Payout Consistency 97.4%
Total Return 12m: 14.20%
#38 in Group
Total Return 5y: 36.79%
#51 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

Highest Dividend Yields in Sector
Symbol Market Cap
(USD)
Dividend Yield Yield on Cost
ALE 3,805m 4.45% 5.96%
CIG 5,917m 13.9% 65.7%
ENGI 40,063m 16.9% 42.7%
EBR-B 16,496m 8.61% 17.7%
Highest Dividend Growth Rate in Sector
Symbol Market Cap
(USD)
Growth Rate Payout Ratio
ALE 3,805m 2.69% 91.8%
BIP-UN 13,777m 586% 57.3%
PCG 37,291m 135% 5.20%
EVN 4,158m 83.3% 20.6%

ALE Dividend History: Last 40 Payments (USD)

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate Payout Yield
2025-02-14 2025-02-14 2025-03-01 Quarterly 0.73 3.5% 1.12%
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% 1.24%
2023-11-14 2023-11-15 2023-12-01 Quarterly 0.6775 1.25%
2023-08-14 2023-08-15 2023-09-01 Quarterly 0.6775 1.2%
2023-05-12 2023-05-15 2023-06-01 Quarterly 0.6775 1.09%
2023-02-14 2023-02-15 2023-03-01 Quarterly 0.6775 4.2% 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 2% 0.95%
2020-11-13 2020-11-16 2020-12-01 Quarterly 0.6175 1.11%
2020-08-13 2020-08-14 2020-09-01 Quarterly 0.6175 1.07%
2020-05-14 2020-05-15 2020-06-01 Quarterly 0.6175 1.22%
2020-02-13 2020-02-14 2020-03-01 Quarterly 0.6175 5.1%
2019-11-14 2019-11-15 2019-12-01 Quarterly 0.5875
2019-08-14 2019-08-15 2019-09-01 Quarterly 0.5875
2019-05-14 2019-05-15 2019-06-01 Quarterly 0.5875
2019-02-14 2019-02-15 2019-03-01 Quarterly 0.5875 4.9%
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

ALE Dividend FAQ

Does ALE pay dividends?

Yes, as of April 2025, ALE paid a dividend of 2.84 USD in the last 12 months. The last dividend was paid on 2025-02-14.

What is the Dividend Yield of ALE?

As of April 2025, ALE`s dividend yield is 4.45%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.84M USD by the current share price of 65.29.

How often does ALE pay dividends?

ALE pays dividends quarterly. Over the last 12 months (TTM), ALE has issued 4 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 of ALE?

ALE's average dividend growth rate over the past 5 years is 2.69M% 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 5.96M%. This represents the effective dividend yield for an investor who bought Allete five years ago. It is calculated as the sum of all trailing 12-month dividends (2.84M) divided by the purchase price five years ago (47.73):

What is the Payout Consistency of ALE?

ALE Payout Consistency is 97.4%.
Highly consistent: Allete has a strong track record of consistent dividend payments.

Does ALE have a good Dividend Yield?

ALE`s 4.45% Dividend Yield is considered as good.

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 67.51%. Ratings surpassing 60 are regarded as favorable, exceeding 75 are strong, and surpassing 85 are exceptional.

ALE Outstanding Shares Analysis

What is the Trend in ALE`s Outstanding Shares?

Allete`s outstanding shares have increased by approximately 2.21% annually over the past 5 years (Correlation: 100.0%), negatively influencing stock price.

Has 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 Annual Growth Rate
2009 32,000,000
2010 34,000,000 +6.25%
2011 35,000,000 +2.94%
2012 38,000,000 +8.57%
2013 40,000,000 +5.26%
2014 43,000,000 +7.5%
2015 48,000,000 +11.63%
2016 50,000,000 +4.17%
2017 51,000,000 +2%
2018 52,000,000 +1.96%
2019 52,000,000
2020 52,000,000
2021 53,000,000 +1.92%
2022 56,000,000 +5.66%
2023 57,000,000 +1.79%
2024 58,000,000 +1.75%