Allete (ALE) Dividend Yield, Date & History $67.31 -0.06 (-0.09%) Closing price 10/9/2025 03:59 PM EasternExtended Trading$67.28 -0.03 (-0.04%) As of 08:00 AM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Dividend Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Allete Dividend SummaryDividend Yield4.34%Annual Dividend$2.92Recent Dividend Payment Sep. 1 Dividend Increase Track Record 15 YearsDividend Payout Ratio 92.11% Allete (ALE) pays an annual dividend of $2.92 per share, with a dividend yield of 4.34%. The most recent quarterly payment of $0.73 per share was paid on Monday, September 1, to investors who owned the stock before the ex-dividend date of Friday, August 15. The company currently pays out 92.11% of its earnings and 37.35% of its cash flow as dividends. Get Dividend Stock Ideas Daily Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Sign Up View SMS TermsBy entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy. Skip Charts & View Dividend HistoryALE Dividend Payments by QuarterDividend Payments by Quarter Chart DescriptionThe chart below displays up to four years of Allete's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.Open Allete in Dividend Calculator ALE Dividend Yield Over TimeDividend Yield Over Time Chart DescriptionThe chart below tracks Allete's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.Open Allete in Dividend Yield Calculator Allete vs. The CompetitionCompare Allete's annual dividend, yield, and 3-year growth rate with averages for Utilities and NYSE companies to evaluate its performance against the market.TypeAlleteUtilities CompaniesNYSE CompaniesAnnual Dividend$2.92$0.03$1.48Dividend Yield4.34%4.64%3.58%Annualized 3-Year Dividend Growth0.00%0.00%0.00%Track Record15 years19 years11 yearsAllete Dividend Payout RatioDividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.TypePayout RatioBased on Trailing 12 Months of Earnings92.11%Based on Cashflow37.35% Allete Dividend History by Quarter Custom Range 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 5 Years 10 Years All Time Time Frame Start Date End Date Export to Excel AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date7/25/2025quarterly$0.73 - 4.45%8/15/20258/15/20259/1/20254/25/2025quarterly$0.73 - 4.47%5/15/20255/15/20256/1/20251/30/2025quarterly$0.73+$0.02503.55%4.47%2/14/20252/14/20253/1/202510/25/2024quarterly$0.7050+$0.00450.64%4.39%11/15/202411/15/202412/1/20247/25/2024quarterly$0.7005-$0.00450.64%4.4%8/15/20248/15/20249/1/2024 Get the Latest News and Ratings for ALE and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Allete and its competitors with MarketBeat's FREE daily newsletter. 4/25/2024quarterly$0.7050 - 4.73%5/14/20245/15/20246/1/20241/26/2024quarterly$0.7050+$0.02703.98%4.78%2/14/20242/15/20243/1/202410/27/2023quarterly$0.6780 - 5.16%11/14/202311/15/202312/1/2023This table shows Allete's quarterly dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time. Allete Dividend - Frequently Asked Questions What is Allete's dividend yield? The current dividend yield for Allete is 4.34%. Learn more on ALE's dividend yield history. How much is Allete's annual dividend? The annual dividend for ALE shares is $2.92. Learn more on ALE's annual dividend history. How often does Allete pay dividends? Allete pays quarterly dividends to shareholders. When was Allete's most recent dividend payment? Allete's most recent quarterly dividend payment of $0.73 per share was made to shareholders on Monday, September 1, 2025. When was Allete's most recent ex-dividend date? Allete's most recent ex-dividend date was Friday, August 15, 2025. What track record does Allete have of raising its dividend? Allete has increased its dividend for the past 15 consecutive years. When did Allete last increase or decrease its dividend? The most recent change in the company's dividend was an increase of $0.0250 on Thursday, January 30, 2025. What is Allete's dividend payout ratio? The dividend payout ratio for ALE is: 92.11% based on the trailing year of earnings 37.35% based on cash flow Is Allete a good dividend stock? Allete's dividend yield of 4.33% is lower than the average Utilities company that issues a dividend. The company's 15 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Allete's dividend payout ratio of 92.11% may not be sustainable. Looking at the stock as a whole, market analysts rate Allete stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time. 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