ALLETE Dividend
Dividend criteria checks 6/6
ALLETE is a dividend paying company with a current yield of 4.91% that is well covered by earnings.
Key information
4.9%
Dividend yield
63%
Payout ratio
| Industry average yield | 3.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | US$4.29 |
| Dividend yield forecast in 3Y | 5.4% |
Recent dividend updates
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Feb 12
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Jan 29Recent updates
These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively
Apr 11ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Feb 12Allete: I Continue To Be Bullish On This Quality Business
Feb 10ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Jan 29Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Jan 19There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings
Dec 19Allete: An Undervalued Company With Excellent Opportunity
Nov 23ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth
Nov 07ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital
Oct 09A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Sep 24ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt
Sep 06Allete: A Potential Buy In Renewable Energy
Aug 30Allete's Q2 Performance: Generating Energy And Enthusiasm
Aug 11Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital
Jun 26Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?
Jun 09ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky
May 24ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775
May 07Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues
May 05A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Mar 10Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load
Feb 21Allete: Dividend Play, Leading The Renewables Transition
Feb 15ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends
Feb 06ALLETE raises dividend by 4.28% to $0.6775
Feb 03A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Dec 04Allete Stock Compares Favorably To Bond ETFs IEF And ILTB
Nov 16ALLETE Q3 2022 Earnings Preview
Nov 08The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
Nov 02ALLETE declares $0.65 dividend
Oct 28Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load
Oct 18An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued
Aug 29ALLETE GAAP EPS of $0.61 misses by $0.02, revenue of $373.1M beats by $30.28M; reaffirms FY earning guidance
Aug 03ALLETE declares $0.65 dividend
Jul 28The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
Jul 27Is ALLETE (NYSE:ALE) Using Too Much Debt?
Jul 11New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)
May 11Is There An Opportunity With ALLETE, Inc.'s (NYSE:ALE) 27% Undervaluation?
May 04Allete Stock: Maintaining A Buy Rating
Apr 26Some Investors May Be Worried About ALLETE's (NYSE:ALE) Returns On Capital
Mar 28ALLETE (NYSE:ALE) Is Increasing Its Dividend To US$0.65
Feb 08Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ALE's dividends per share have been stable in the past 10 years.
Growing Dividend: ALE's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| ALLETE Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ALE) | 4.9% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.9% |
| Industry Average (Electric Utilities) | 3.6% |
| Analyst forecast in 3 Years (ALE) | 5.4% |
Notable Dividend: ALE's dividend (4.91%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: ALE's dividend (4.91%) is in the top 25% of dividend payers in the US market (4.87%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.8%), ALE's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (51.8%), ALE's dividend payments are covered by cash flows.