ALE Dividend Dates 2023

Company Description

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 is based in United States. ALLETE has 1,461 employees. For more information about this company, please visit their website.

Analysis

We believe using more recent dividend history can provide better dividend analysis for a company.

The most recent ALE dividend details are as follows:
The dividend will be payable on JUN 01, 2023, to stockholders of record on MAY 15, 2023, with an ex-dividend date of MAY 12, 2023. This dividend is $0.678.
There is no change from the prior dividend.

Based on our analysis, from NOV 13, 2012, ALE pays dividend 43 times.
Total dividend paid so far is $24.10. Average dividend is $0.56.
Maximum dividend is $0.68 while minimum dividend is $0.46.

Dividend Forecast

According to recent data, over last 11 years, ALE pays dividend consistently 43 times. In terms of dividend payment consistency, we rate it ten out of ten, which means the future dividend payment is fairly predictable and reliable. If investors are looking for dividend stocks, this could be one of the good indicators. On the other hand, frequent dividend payment during the year means investors don’t need to wait for too long to get dividend payment. It is good for someone lives on stock dividends as a source of income.

Compared with other stocks

Another way to look at a stock’s dividend is to compare it to a peer company’s dividend. If two stocks are in the same industry and have a similar market capitalisation, then they are considered similar.

Code MarketCap(M) Last Dividend
ALE 3,340 $0.678
YUM 33,320 $0.610
FNLC 336 $0.340
BF.A 33,370 $0.206
BF.B 33,370 $0.206
CLPR 334 $0.095
JUGG 336 $0.000
FTAA 336 $0.000
NTNX 3,340 $0.000

As can be seen from the comparison table above, ALE ranks number one in this group of nine stocks with the latest dividend of $0.678.

Dividend History

Ex-Dividend Date Dividend Payment Date Record Date
12/05/2023 $0.678 01/06/2023 15/05/2023
14/02/2023 $0.678 01/03/2023 15/02/2023
14/11/2022 $0.65 01/12/2022 15/11/2022
12/08/2022 $0.65 01/09/2022 15/08/2022
13/05/2022 $0.65 01/06/2022 16/05/2022
14/02/2022 $0.65 01/03/2022 15/02/2022
12/11/2021 $0.63 01/12/2021 15/11/2021
13/08/2021 $0.63 01/09/2021 16/08/2021
13/05/2021 $0.63 01/06/2021 14/05/2021
12/02/2021 $0.63 01/03/2021 16/02/2021
13/11/2020 $0.618 01/12/2020 16/11/2020
13/08/2020 $0.618 01/09/2020 14/08/2020
14/05/2020 $0.618 01/06/2020 15/05/2020
13/02/2020 $0.618 01/03/2020 14/02/2020
14/11/2019 $0.588 01/12/2019 15/11/2019
14/08/2019 $0.588 01/09/2019 15/08/2019
14/05/2019 $0.588 01/06/2019 15/05/2019
14/02/2019 $0.588 01/03/2019 15/02/2019
14/11/2018 $0.56 01/12/2018 15/11/2018
14/08/2018 $0.56 01/09/2018 15/08/2018
14/05/2018 $0.56 01/06/2018 15/05/2018
14/02/2018 $0.56 01/03/2018 15/02/2018
14/11/2017 $0.535 01/12/2017 15/11/2017
11/08/2017 $0.535 01/09/2017 15/08/2017
11/05/2017 $0.535 01/06/2017 15/05/2017

ALE Dividend Growth Chart

A picture is better than thousands of words. The following chart shows you ALE dividend growth over the years.