ALLETE, Inc. Dividend history 24 years & forecast 2024 to 2028
Dividend analysis of the ALLETE, Inc. share
| Current dividend yield | 1.64 % |
| Dividendenrendite 5 Jahre | 7.11 % |
| Dividend yield 10 years | 6.54 % |
| Payout 3 years | 3.27 % |
When does ALLETE, Inc. pay a dividend?
The ALLETE, Inc. share dividend is distributed 4 times a year. In order to receive a dividend, you should generally own the ALLETE, Inc. share before the ex-dividend date. The dividend calendar shows that the last ex-day dates were February, May, August and November . Dividends from ALLETE, Inc. are distributed via March, June, September and December.
| Year | Dividend | Ex-day & Payday |
Frequency | |
|---|---|---|---|---|
| Financial year | Dividend per share | Ex-Day | Payday | Payment frequency |
| 2024 |
$0.705
$0.71
|
May 14 2024
May 14 2024
Jun 01 2024
May 14 24
Jun 01 24 |
Jun 01 2024 |
quarterly
quarterly
|
| 2024 |
$0.705
$0.71
|
Feb 14 2024
Feb 14 2024
Mar 01 2024
Feb 14 24
Mar 01 24 |
Mar 01 2024 |
quarterly
quarterly
|
| 2023 |
$0.6775
$0.68
|
Nov 14 2023
Nov 14 2023
Dec 01 2023
Nov 14 23
Dec 01 23 |
Dec 01 2023 |
quarterly
quarterly
|
| 2023 |
$0.6775
$0.68
|
Aug 14 2023
Aug 14 2023
Sep 01 2023
Aug 14 23
Sep 01 23 |
Sep 01 2023 |
quarterly
quarterly
|
| 2023 |
$0.6775
$0.68
|
May 12 2023
May 12 2023
Jun 01 2023
May 12 23
Jun 01 23 |
Jun 01 2023 |
quarterly
quarterly
|
| 2023 |
$0.6775
$0.68
|
Feb 14 2023
Feb 14 2023
Mar 01 2023
Feb 14 23
Mar 01 23 |
Mar 01 2023 |
quarterly
quarterly
|
| 2022 |
$0.65
$0.65
|
Nov 14 2022
Nov 14 2022
Dec 01 2022
Nov 14 22
Dec 01 22 |
Dec 01 2022 |
quarterly
quarterly
|
| 2022 |
$0.65
$0.65
|
Aug 12 2022
Aug 12 2022
Sep 01 2022
Aug 12 22
Sep 01 22 |
Sep 01 2022 |
quarterly
quarterly
|
| 2022 |
$0.65
$0.65
|
May 13 2022
May 13 2022
Jun 01 2022
May 13 22
Jun 01 22 |
Jun 01 2022 |
quarterly
quarterly
|
| 2022 |
$0.65
$0.65
|
Feb 14 2022
Feb 14 2022
Mar 01 2022
Feb 14 22
Mar 01 22 |
Mar 01 2022 |
quarterly
quarterly
|
How much dividend does ALLETE, Inc. pay?
ALLETE, Inc. most recently paid a dividend of $0.71. ALLETE, Inc. paid a dividend of $2.71 per share in the financial year 2023. With a share price of $62.35 at Jun 28 2024, the current dividend yield is 4.35% (calculation: $2.71 / $62.35 = 4.35%). No special dividend was paid.
What is the ALLETE, Inc. dividend yield and payout ratio?
The average ALLETE, Inc. dividend yield over the last 5 years is 3.83% and the average over the last 10 years is 3.63%.
The payout ratio of ALLETE, Inc. in relation to the last financial year is 63.02%. The payout ratio smoothed over 3 years is 71.83%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share(EPS).
| Key figure | ALLETE, Inc. |
|---|---|
| Current dividend yield | 4.35% |
| Dividend yield 5 yrs. | 3.83% |
| Dividend yield 10 yrs. | 3.63% |
| Payout 1 yr. | 63.02% |
| Payout 3 yrs. | 71.83% |
Is the ALLETE, Inc. dividend safe? Continuity & dividend growth
Is the ALLETE, Inc. dividend safe?
ALLETE, Inc. has been paying a dividend for 24 years and has not lowered the dividend for 18 years (dividend continuity). As a result, the dividend was recently increased13-times.
The dividend growth in relation to the previous financial year amounts to 4.23%. The average ALLETE, Inc. dividend growth over the last 5 years is 3.88%. The average for the last 10 years is 3.61%.
| Key figure | ALLETE, Inc. |
|---|---|
| Increased | 13 Years |
| Continuity | 18 Years |
| Paid | 24 Years |
| Growth 1 yr. | 4.23% |
| Growth 5 yrs. | 3.88% |
| Growth 10 yrs. | 3.61% |
Continuity
ALLETE, Inc. has been paying a dividend for 24 years and has not lowered the dividend for 18 years (dividend continuity). As a result, the dividend was recently increased13-times.
Dividend growth
The dividend growth in relation to the previous financial year amounts to 4.23%. The average ALLETE, Inc. dividend growth over the last 5 years is 3.88%. The average for the last 10 years is 3.61%.
ALLETE, Inc. Share forecast 2024
On the stock exchange, the ALLETE, Inc. share (ISIN: US0185223007) is traded at June 2024 as a top scorer according to the dividend strategy.
The share price of ALLETE, Inc. 1.95% has risen since the beginning of the year 2024. However, the return generated in the past says nothing about the future return. You can find the ALLETE, Inc. share price in real time at the top of the page.
The ALLETE, Inc. share (symbol: ALE) is valued at a price/earnings ratio (P/E ratio) of 14.97 and a price/sales ratio (P/S ratio) of 2.10 valued. Based on analyst estimates, the ALLETE, Inc. share forecast 2024 of the current financial year corresponds to a valuation of 16.62 according to P/E ratio and 2.13 according to P/S ratioe.
| Key figure | ALLETE, Inc. |
|---|---|
| Dividend score | ??/15 |
| Performance 2024 |
1.95%
|
| P/E ratio TTM | 14.97 |
| P/S ratio TTM | 2.10 |
| P/E ratio expected | 16.62 |
| P/S ratio expected | 2.13 |
The ALLETE, Inc. share (symbol: ALE) is valued at a price/earnings ratio (P/E ratio) of 14.97 and a price/sales ratio (P/S ratio) of 2.10 valued. Based on analyst estimates, the ALLETE, Inc. share forecast 2024 of the current financial year corresponds to a valuation of 16.62 according to P/E ratio and 2.13 according to P/S ratioe.
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