S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot

ALLETE (ALE) Dividend Yield, Date & History

$56.59
-0.05 (-0.09%)
(As of 03/1/2024 ET)

Dividend Summary

Dividend Yield
4.98%
Annual Dividend
$2.82
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
3.14%
Dividend Payout Ratio
65.58%
Recent
Dividend Payment
Mar. 1
Skip Charts & View Dividend History

ALLETE vs. The Competition

TypeALLETEUtilities CompaniesNYSE Companies
Annual Dividend$2.82$4.22$1.46
Dividend Yield4.98%424.36%357.05%
Annualized 3-Year Dividend Growth3.14%329.11%1,253.06%
Track Record14 years18 years9 years

ALLETE Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings65.58%
Based on This Year's Estimates75.20%
Based on Next Year's Estimates67.30%
Based on Cashflow32.39%

ALLETE Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/26/2024Quarterly$0.70504.78%2/14/20242/15/20243/1/2024
10/27/2023Quarterly$0.67805.16%11/14/202311/15/202312/1/2023
7/31/2023Quarterly$0.67804.72%8/14/20238/15/20239/1/2023
4/27/2023Quarterly$0.67804.34%5/12/20235/15/20236/1/2023
2/3/2023Quarterly$0.67804.33%2/14/20232/15/20233/1/2023
10/28/2022Quarterly$0.654.55%11/14/202211/15/202212/1/2022
7/29/2022quarterly$0.654.2%8/12/20228/15/20229/1/2022
4/29/2022quarterly$0.654.4%5/13/20225/16/20226/1/2022
2/3/2022Quarterly$0.654.05%2/14/20222/15/20223/1/2022
11/1/2021quarterly$0.634%11/12/202111/15/202112/1/2021
7/29/2021Quarterly$0.633.53%8/13/20218/16/20219/1/2021
4/29/2021Quarterly$0.633.63%5/13/20215/14/20216/1/2021
2/4/2021Quarterly$0.633.95%2/12/20212/16/20213/1/2021
11/2/2020quarterly$0.61754.6%11/13/202011/16/202012/1/2020
7/31/2020quarterly$0.61754.2%8/13/20208/14/20209/1/2020
1/1/1900quarterly$0.61804.4%5/14/20205/15/20206/1/2020
2/3/2020quarterly$0.61752.9%2/13/20202/14/20203/1/2020
10/24/2019Quarterly$0.58702.75%11/14/201911/15/201912/1/2019
7/25/2019quarterly$0.58752.74%8/14/20198/15/20199/1/2019
4/25/2019quarterly$0.58752.94%5/14/20195/15/20196/1/2019
2/1/2019quarterly$0.58753.05%2/14/20192/15/20193/1/2019
10/25/2018quarterly$0.562.88%11/14/201811/15/201812/1/2018
7/27/2018quarterly$0.562.87%8/14/20188/15/20189/1/2018
4/25/2018quarterly$0.562.99%5/14/20185/15/20186/1/2018
1/25/2018quarterly$0.563.05%2/14/20182/15/20183/1/2018
10/25/2017quarterly$0.53502.71%11/14/201711/15/201712/1/2017
7/27/2017quarterly$0.53502.95%8/11/20178/15/20179/1/2017
4/26/2017quarterly$0.53503.01%5/11/20175/15/20176/1/2017
1/25/2017quarterly$0.53503.33%2/13/20172/15/20173/1/2017
10/28/2016quarterly$0.523.39%11/10/201611/15/201612/1/2016
7/28/2016quarterly$0.523.26%8/11/20168/15/20169/1/2016
4/21/2016quarterly$0.523.82%5/12/20165/16/20166/1/2016
1/22/2016quarterly$0.524.04%2/11/20162/16/20163/1/2016
11/2/2015quarterly$0.50503.94%11/12/201511/16/201512/1/2015
7/31/2015quarterly$0.50504.17%8/12/20158/14/20159/1/2015
4/30/2015quarterly$0.50504.04%5/13/20155/15/20156/1/2015
1/23/2015quarterly$0.50503.44%2/11/20152/16/20153/1/2015
10/30/2014quarterly$0.493.75%11/12/201411/14/201412/1/2014
7/31/2014quarterly$0.494.09%8/13/20148/15/20149/1/2014
5/1/2014quarterly$0.493.89%5/13/20145/15/20146/1/2014
1/30/2014quarterly$0.493.92%2/12/20142/14/20143/1/2014
10/28/2013quarterly$0.47503.7%11/13/201311/15/201312/1/2013
7/29/2013quarterly$0.47503.54%8/13/20138/15/20139/1/2013
5/1/2013quarterly$0.47503.74%5/13/20135/15/20136/1/2013
1/23/2013quarterly$0.47504.24%2/13/20132/15/20133/1/2013
(Data available from 1/1/2013 forward)













ALLETE Dividend - Frequently Asked Questions

What is ALLETE's dividend yield?

The current dividend yield for ALLETE is 4.98%. Learn more on ALE's dividend yield history.

How much is ALLETE's annual dividend?

The annual dividend for ALE shares is $2.82. 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 $0.7050 per share was made to shareholders on Friday, March 1, 2024.

When was ALLETE's most recent ex-dividend date?

ALLETE's most recent ex-dividend date was Wednesday, February 14, 2024.

Is ALLETE's dividend growing?

Over the past three years, the company's dividend has grown by an average of 3.14% per year.

What track record does ALLETE have of raising its dividend?

ALLETE has increased its dividend for the past 14 consecutive years.

When did ALLETE last increase or decrease its dividend?

The most recent change in the company's dividend was an increase of $0.0270 on Friday, January 26, 2024.

What is ALLETE's dividend payout ratio?
The dividend payout ratio for ALE is:
  • 65.58% based on the trailing year of earnings
  • 75.20% based on this year's estimates
  • 67.30% based on next year's estimates
  • 32.39% based on cash flow

More Dividend Resources from MarketBeat

This page (NYSE:ALE) was last updated on 3/3/2024 by MarketBeat.com Staff