ALLETE (ALE) Dividend Yield, Date & History

$64.56

+0.09 (+0.14%)

(As of 07/26/2024 ET)

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Dividend Yield: 4.37%
Annual Dividend: $2.82
Dividend Increase Track Record: 14 Years
Annualized 3-Year Dividend Growth: 3.14%
Dividend Payout Ratio: 67.79%
Next Dividend Payment: Sep. 1

ALE Dividend Payments

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ALE Dividend Yield Over Time

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ALLETE vs. The Competition

Type	ALLETE	Utilities Companies	NYSE Companies
Annual Dividend	$2.82	$4.53	$1.54
Dividend Yield	4.37%	414.94%	350.91%
Annualized 3-Year Dividend Growth	3.14%	151.78%	1,555.21%
Track Record	14 years	27 years	23 years

ALLETE Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	67.79%
Based on This Year's Estimates	75.20%
Based on Next Year's Estimates	70.15%
Based on Cashflow	32.32%

ALLETE Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/25/2024		$0.7005		8/15/2024	8/15/2024	9/1/2024
4/25/2024	Quarterly	$0.7050	4.73%	5/14/2024	5/15/2024	6/1/2024
1/26/2024	Quarterly	$0.7050	4.78%	2/14/2024	2/15/2024	3/1/2024
10/27/2023	Quarterly	$0.6780	5.16%	11/14/2023	11/15/2023	12/1/2023
7/31/2023	Quarterly	$0.6780	4.72%	8/14/2023	8/15/2023	9/1/2023
4/27/2023	Quarterly	$0.6780	4.34%	5/12/2023	5/15/2023	6/1/2023
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2/3/2023	Quarterly	$0.6780	4.33%	2/14/2023	2/15/2023	3/1/2023
10/28/2022	Quarterly	$0.65	4.55%	11/14/2022	11/15/2022	12/1/2022
7/29/2022	quarterly	$0.65	4.2%	8/12/2022	8/15/2022	9/1/2022
4/29/2022	quarterly	$0.65	4.4%	5/13/2022	5/16/2022	6/1/2022
2/3/2022	Quarterly	$0.65	4.05%	2/14/2022	2/15/2022	3/1/2022
11/1/2021	quarterly	$0.63	4%	11/12/2021	11/15/2021	12/1/2021
7/29/2021	Quarterly	$0.63	3.53%	8/13/2021	8/16/2021	9/1/2021
4/29/2021	Quarterly	$0.63	3.63%	5/13/2021	5/14/2021	6/1/2021
2/4/2021	Quarterly	$0.63	3.95%	2/12/2021	2/16/2021	3/1/2021
11/2/2020	quarterly	$0.6175	4.6%	11/13/2020	11/16/2020	12/1/2020
7/31/2020	quarterly	$0.6175	4.2%	8/13/2020	8/14/2020	9/1/2020
1/1/1900	quarterly	$0.6180	4.4%	5/14/2020	5/15/2020	6/1/2020
2/3/2020	quarterly	$0.6175	2.9%	2/13/2020	2/14/2020	3/1/2020
10/24/2019	Quarterly	$0.5870	2.75%	11/14/2019	11/15/2019	12/1/2019
7/25/2019	quarterly	$0.5875	2.74%	8/14/2019	8/15/2019	9/1/2019
4/25/2019	quarterly	$0.5875	2.94%	5/14/2019	5/15/2019	6/1/2019
2/1/2019	quarterly	$0.5875	3.05%	2/14/2019	2/15/2019	3/1/2019
10/25/2018	quarterly	$0.56	2.88%	11/14/2018	11/15/2018	12/1/2018
7/27/2018	quarterly	$0.56	2.87%	8/14/2018	8/15/2018	9/1/2018
4/25/2018	quarterly	$0.56	2.99%	5/14/2018	5/15/2018	6/1/2018
1/25/2018	quarterly	$0.56	3.05%	2/14/2018	2/15/2018	3/1/2018
10/25/2017	quarterly	$0.5350	2.71%	11/14/2017	11/15/2017	12/1/2017
7/27/2017	quarterly	$0.5350	2.95%	8/11/2017	8/15/2017	9/1/2017
4/26/2017	quarterly	$0.5350	3.01%	5/11/2017	5/15/2017	6/1/2017
1/25/2017	quarterly	$0.5350	3.33%	2/13/2017	2/15/2017	3/1/2017
10/28/2016	quarterly	$0.52	3.39%	11/10/2016	11/15/2016	12/1/2016
7/28/2016	quarterly	$0.52	3.26%	8/11/2016	8/15/2016	9/1/2016
4/21/2016	quarterly	$0.52	3.82%	5/12/2016	5/16/2016	6/1/2016
1/22/2016	quarterly	$0.52	4.04%	2/11/2016	2/16/2016	3/1/2016
11/2/2015	quarterly	$0.5050	3.94%	11/12/2015	11/16/2015	12/1/2015
7/31/2015	quarterly	$0.5050	4.17%	8/12/2015	8/14/2015	9/1/2015
4/30/2015	quarterly	$0.5050	4.04%	5/13/2015	5/15/2015	6/1/2015
1/23/2015	quarterly	$0.5050	3.44%	2/11/2015	2/16/2015	3/1/2015
10/30/2014	quarterly	$0.49	3.75%	11/12/2014	11/14/2014	12/1/2014
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7/31/2014	quarterly	$0.49	4.09%	8/13/2014	8/15/2014	9/1/2014
5/1/2014	quarterly	$0.49	3.89%	5/13/2014	5/15/2014	6/1/2014
1/30/2014	quarterly	$0.49	3.92%	2/12/2014	2/14/2014	3/1/2014
10/28/2013	quarterly	$0.4750	3.7%	11/13/2013	11/15/2013	12/1/2013
7/29/2013	quarterly	$0.4750	3.54%	8/13/2013	8/15/2013	9/1/2013
5/1/2013	quarterly	$0.4750	3.74%	5/13/2013	5/15/2013	6/1/2013
1/23/2013	quarterly	$0.4750	4.24%	2/13/2013	2/15/2013	3/1/2013

(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 4.37%. 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 is ALLETE's next dividend payment?: ALLETE's next quarterly dividend payment of $0.7005 per share will be made to shareholders on Sunday, September 1, 2024.
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 Saturday, June 1, 2024.
When is ALLETE's ex-dividend date?: ALLETE's next ex-dividend date is Thursday, August 15, 2024.
When was ALLETE's most recent ex-dividend date?: ALLETE's most recent ex-dividend date was Tuesday, May 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 a decrease of $0.0045 on Thursday, July 25, 2024.
What is ALLETE's dividend payout ratio?: The dividend payout ratio for ALE is:
67.79% based on the trailing year of earnings

75.20% based on this year's estimates

70.15% based on next year's estimates

32.32% based on cash flow
Is ALLETE a good dividend stock?: ALLETE's dividend yield of 4.38% is higher than the average Utilities company that issues a dividend. The company's 14 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 67.79% is at a healthy, sustainable level, below 75% of its earnings.