ALE
Price:
$67.9
Market Cap:
$3.94B
ALLETE, Inc., an energy enterprise established in 1906 and headquartered in Duluth, Minnesota (originally known as Minnesota Power, Inc. until its name change in May 2001), conducts its business through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. The company produces electricity utilizing diverse sources such as coal-fired, biomass co-fired/natural gas, hydroelectric, wind, and solar technologies. It delivers regulated utility services, providing electricity to approximately 145,000 retail customers and 15 non-affiliated municipal entities in northeastern Minnesota, alongside serving around 15,000 electric, 13,000 natural gas, and 10,000 water clients in nort...[Read more]
Industry
Diversified Utilities
IPO Date
1973-05-03
Stock Exchange
NYSE
Ticker
ALE
According to ALLETE, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 1.08%. This represents a change of -3.11% compared to the average of 1.11% of the last 4 quarters.
The mean historical Dividend Yield of ALLETE, Inc. over the last ten years is 3.66%. The current 1.08% Dividend Yield has changed -70.60% with respect to the historical average. Over the past ten years (40 quarters), ALE's Dividend Yield was at its highest in in the September 2022 quarter at 1.30%. The Dividend Yield was at its lowest in in the September 2019 quarter at 0.67%.
Average
3.66%
Median
3.89%
Minimum
2.88%
Maximum
4.44%
Discovering the peaks and valleys of ALLETE, Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 37.59%
Maximum Annual Dividend Yield = 4.44%
Minimum Annual Increase = -18.62%
Minimum Annual Dividend Yield = 2.88%
| Year | Dividend Yield | Change |
|---|---|---|
| 2024 | 4.35% | -1.87% |
| 2023 | 4.44% | 9.67% |
| 2022 | 4.05% | 6.65% |
| 2021 | 3.79% | -4.87% |
| 2020 | 3.99% | 37.59% |
| 2019 | 2.90% | -1.45% |
| 2018 | 2.94% | 2.21% |
| 2017 | 2.88% | -11.33% |
| 2016 | 3.25% | -18.62% |
| 2015 | 3.99% | 12.56% |
The current Dividend Yield of ALLETE, Inc. (ALE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
4.28%
5-year avg
4.12%
10-year avg
3.66%
ALLETE, Inc.’s Dividend Yield is less than MGE Energy, Inc. (2.50%), less than Northwestern Energy Group Inc (3.81%), less than ATCO Ltd. (2.94%), less than ATCO Ltd. (2.94%), less than Black Hills Corporation (3.79%), less than Iren S.p.A. (4.84%), less than Otter Tail Corporation (2.52%), less than Avista Corporation (4.94%), less than China Suntien Green Energy Corporation Limited (2.73%), less than Canadian Utilities Limited (3.59%),
| Company | Dividend Yield | Market cap |
|---|---|---|
| 2.50% | $2.87B | |
| 3.81% | $4.30B | |
| 2.94% | $5.43B | |
| 2.94% | $5.17B | |
| 3.79% | $5.54B | |
| 4.84% | $3.35B | |
| 2.52% | $3.67B | |
| 4.94% | $3.29B | |
| 2.73% | $3.10B | |
| 3.59% | $7.59B |
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How does the current Dividend Yield for ALLETE, Inc. (ALE) compare to its historical average?