ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
ALLETE Dividend Announcement
• ALLETE announced a quarterly dividend of $0.70 per ordinary share which will be made payable on 2024-12-01. Ex dividend date: 2024-11-15
• ALLETE annual dividend for 2024 was $2.82
• ALLETE annual dividend for 2023 was $2.71
• ALLETE's trailing twelve-month (TTM) dividend yield is 4.36%
• ALLETE's payout ratio for the trailing twelve months (TTM) is 89.35%
• ALLETE's dividend growth over the last five years (2018-2023) was 3.89% year
• ALLETE's dividend growth over the last ten years (2013-2023) was 3.62% year
ALLETE Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-15 | $0.70 | quarterly | 2024-12-01 |
| 2024-08-15 | $0.70 | quarterly | 2024-09-01 |
| 2024-05-14 | $0.70 | quarterly | |
| 2024-02-14 | $0.70 | quarterly | 2024-03-01 |
| 2023-11-14 | $0.68 | quarterly | 2023-12-01 |
| 2023-08-14 | $0.68 | quarterly | 2023-09-01 |
| 2023-05-12 | $0.68 | quarterly | 2023-06-01 |
| 2023-02-14 | $0.68 | quarterly | 2023-03-01 |
| 2022-11-14 | $0.65 | quarterly | 2022-12-01 |
| 2022-08-12 | $0.65 | quarterly | 2022-09-01 |
| 2022-05-13 | $0.65 | quarterly | 2022-06-01 |
| 2022-02-14 | $0.65 | quarterly | 2022-03-01 |
| 2021-11-12 | $0.63 | quarterly | 2021-12-01 |
| 2021-08-13 | $0.63 | quarterly | 2021-09-01 |
| 2021-05-13 | $0.63 | quarterly | 2021-06-01 |
| 2021-02-12 | $0.63 | quarterly | 2021-03-01 |
| 2020-11-13 | $0.62 | quarterly | 2020-12-01 |
| 2020-08-13 | $0.62 | quarterly | 2020-09-01 |
| 2020-05-14 | $0.62 | quarterly | 2020-06-01 |
| 2020-02-13 | $0.62 | quarterly | 2020-03-01 |
| 2019-11-14 | $0.59 | quarterly | 2019-12-01 |
| 2019-08-14 | $0.59 | quarterly | 2019-09-01 |
| 2019-05-14 | $0.59 | quarterly | 2019-06-01 |
| 2019-02-14 | $0.59 | quarterly | 2019-03-01 |
| 2018-11-14 | $0.56 | quarterly | 2018-12-01 |
| 2018-08-14 | $0.56 | quarterly | 2018-09-01 |
| 2018-05-14 | $0.56 | quarterly | 2018-06-01 |
| 2018-02-14 | $0.56 | quarterly | 2018-03-01 |
| 2017-11-14 | $0.54 | quarterly | 2017-12-01 |
| 2017-08-11 | $0.54 | quarterly | 2017-09-01 |
| 2017-05-11 | $0.54 | quarterly | 2017-06-01 |
| 2017-02-13 | $0.54 | quarterly | 2017-03-01 |
| 2016-11-10 | $0.52 | quarterly | 2016-12-01 |
| 2016-08-11 | $0.52 | quarterly | 2016-09-01 |
| 2016-05-12 | $0.52 | quarterly | 2016-06-01 |
| 2016-02-11 | $0.52 | quarterly | 2016-03-01 |
| 2015-11-12 | $0.51 | quarterly | 2015-12-01 |
| 2015-08-12 | $0.51 | quarterly | 2015-09-01 |
| 2015-05-13 | $0.51 | quarterly | 2015-06-01 |
| 2015-02-11 | $0.51 | quarterly | 2015-03-01 |
| 2014-11-12 | $0.49 | quarterly | 2014-12-01 |
| 2014-08-13 | $0.49 | quarterly | 2014-09-01 |
| 2014-05-13 | $0.49 | quarterly | 2014-06-01 |
| 2014-02-12 | $0.49 | quarterly | 2014-03-01 |
| 2013-11-13 | $0.47 | quarterly | 2013-12-01 |
| 2013-08-13 | $0.47 | quarterly | 2013-09-01 |
| 2013-05-13 | $0.47 | quarterly | 2013-06-01 |
| 2013-02-13 | $0.47 | quarterly | 2013-03-01 |
ALLETE Dividend per year
ALLETE Dividend growth
ALLETE Dividend Yield
ALLETE current trailing twelve-month (TTM) dividend yield is 4.36%. Interested in purchasing ALLETE stock? Use our calculator to estimate your expected dividend yield:
ALLETE Financial Ratios
P/E ratio20.53
PEG ratio-2.02
P/B ratio1.31
ROE6.39%
Payout ratio89.35%
Current ratio1.45
Quick ratio0.95
Cash Ratio0.30
ALLETE Dividend FAQ
How much is the next ALLETE dividend?
ALLETE's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next ALLETE dividend. The next ALLETE dividend will be released in February, May, August, or November.
When is ALLETE dividend paid?
ALLETE pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does ALLETE pay?
The specific amount of ALLETE dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find ALLETE's dividend history.
Does ALLETE stock pay dividends?
Yes, ALLETE does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find ALLETE's dividend history.
How much dividend does ALLETE pay?
ALLETE paid $2.82 in 2024, $2.71 in 2023, $2.6 in 2022, $2.52 in 2021, and $2.47 in 2020.
How often does ALLETE pay dividends?
ALLETE typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is ALLETE's dividend yield?
The current dividend yield for ALLETE is 4.36%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate ALLETE's exact dividend yield.
When does ALLETE go ex dividend?
ALLETE's ex-dividend date for the latest dividend was on 2024-11-15. ALLETE typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next ALLETE dividend paid?
ALLETE pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will ALLETE increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether ALLETE will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is ALLETE dividend per share?
ALLETE paid $2.82 per share in 2024 and $2.71 per share in 2023. The amount of dividend per share that ALLETE pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is ALLETE a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is ALLETE a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is ALLETE a dividend stock?
Yes, ALLETE is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is ALLETE a good dividend stock?
Whether ALLETE is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. ALLETE has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating ALLETE as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating ALLETE as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does ALLETE pay dividends monthly?
ALLETE typically pays dividends on a quarterly basis.
Does ALLETE pay dividends quarterly?
ALLETE currently pays dividends on a quarterly basis.
Has ALLETE ever paid a dividend?
Yes, ALLETE has a history of paying dividends to its shareholders. ALLETE is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy ALLETE dividend stocks?
To buy ALLETE you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy ALLETE stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy ALLETE stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does ALLETE pay dividends 2024?
ALLETE pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-01. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will ALLETE increase its dividend in 2024?
Decisions regarding ALLETE dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date ALLETE dividend overview you can look into the above table of dividend history.
How ALLETE dividend works?
The ALLETE dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how ALLETE's dividend process works:
1. Determination of Dividend: ALLETE's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ALLETE publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ALLETE distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ALLETE are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: ALLETE's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ALLETE publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ALLETE distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ALLETE are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are ALLETE dividends paid?
ALLETE dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: ALLETE sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ALLETE distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ALLETE declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: ALLETE sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ALLETE distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ALLETE declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does ALLETE pay dividends?
ALLETE typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does ALLETE pay dividends?
The general pattern is that ALLETE pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is ALLETE dividend safe?
The safety of ALLETE's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of ALLETE's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ALLETE's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of ALLETE's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ALLETE's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.