Dividend Overview
ALLETE (ALE) pays a dividend to its shareholders. Here are the key details:
Dividend Basics
- Annual Dividend per Share: $2.845
- Ex-Dividend Date: February 14, 2025
- Total Dividends Paid (Last Year): $162.80M
Dividend Metrics
- Dividend Yield: 4.35%
- Payout Ratio: 90.80%
- Dividend Growth (YoY): -4.69%
Dividend Yield
4.35%
Dividend Payout Ratio
90.80%
Dividend Paid & Capex Coverage Ratio
0.88x
ALLETE pays an annual dividend of $2.845 per share. This means that for each share you own, you'll receive $2.845 in dividends over the course of a year, typically paid in quarterly installments.
The most recent ex-dividend date was February 14, 2025. Ex-dividend dates are typically announced in advance of each dividend payment. If you purchase the stock before the ex-dividend date, you'll be eligible for the upcoming dividend payment.
In the last fiscal year, ALLETE paid a total of $162.80M in dividends to its shareholders. This substantial amount underscores the company's commitment to returning value to its investors.
Currently, ALLETE's dividend yield stands at 4.35%. To put this in perspective, if you invest $100 in ALLETE's stock at the current price, you can expect to receive approximately $4.35 in annual dividend income.
The company's dividend payout ratio is 90.80%. This means that ALLETE is distributing 90.80% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes.
Compared to the previous year, ALLETE's dividend has decreased by -4.69%. This decrease may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend History and Growth
ALLETE (ALE) dividend payments have grown -4.69% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
ALLETE Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.73 | $0.73 | February 14, 2025 | February 14, 2025 | March 01, 2025 | January 30, 2025 |
| $0.705 | $0.705 | November 15, 2024 | November 15, 2024 | December 01, 2024 | October 25, 2024 |
| $0.705 | $0.705 | August 15, 2024 | August 15, 2024 | September 01, 2024 | July 25, 2024 |
| $0.705 | $0.705 | May 14, 2024 | May 15, 2024 | June 01, 2024 | April 25, 2024 |
| $0.705 | $0.705 | February 14, 2024 | February 15, 2024 | March 01, 2024 | January 26, 2024 |
| $0.6775 | $0.6775 | November 14, 2023 | November 15, 2023 | December 01, 2023 | October 27, 2023 |
| $0.6775 | $0.6775 | August 14, 2023 | August 15, 2023 | September 01, 2023 | July 31, 2023 |
| $0.6775 | $0.6775 | May 12, 2023 | May 15, 2023 | June 01, 2023 | April 27, 2023 |
| $0.678 | $0.6775 | February 14, 2023 | February 15, 2023 | March 01, 2023 | February 03, 2023 |
| $0.65 | $0.65 | November 14, 2022 | November 15, 2022 | December 01, 2022 | October 28, 2022 |
| $0.65 | $0.65 | August 12, 2022 | August 15, 2022 | September 01, 2022 | July 28, 2022 |
| $0.65 | $0.65 | May 13, 2022 | May 16, 2022 | June 01, 2022 | April 28, 2022 |
| $0.65 | $0.65 | February 14, 2022 | February 15, 2022 | March 01, 2022 | February 03, 2022 |
| $0.63 | $0.63 | November 12, 2021 | November 15, 2021 | December 01, 2021 | October 29, 2021 |
| $0.63 | $0.63 | August 13, 2021 | August 16, 2021 | September 01, 2021 | July 29, 2021 |
| $0.63 | $0.63 | May 13, 2021 | May 14, 2021 | June 01, 2021 | April 29, 2021 |
| $0.63 | $0.63 | February 12, 2021 | February 16, 2021 | March 01, 2021 | February 04, 2021 |
| $0.6175 | $0.6175 | November 13, 2020 | November 16, 2020 | December 01, 2020 | October 30, 2020 |
| $0.6175 | $0.6175 | August 13, 2020 | August 14, 2020 | September 01, 2020 | July 30, 2020 |
| $0.6175 | $0.6175 | May 14, 2020 | May 15, 2020 | June 01, 2020 | April 30, 2020 |
| $0.6175 | $0.6175 | February 13, 2020 | February 14, 2020 | March 01, 2020 | January 31, 2020 |
| $0.5875 | $0.5875 | November 14, 2019 | November 15, 2019 | December 01, 2019 | October 24, 2019 |
| $0.5875 | $0.5875 | August 14, 2019 | August 15, 2019 | September 01, 2019 | July 25, 2019 |
| $0.5875 | $0.5875 | May 14, 2019 | May 15, 2019 | June 01, 2019 | April 24, 2019 |
| $0.5875 | $0.5875 | February 14, 2019 | February 15, 2019 | March 01, 2019 | February 01, 2019 |
| $0.56 | $0.56 | November 14, 2018 | November 15, 2018 | December 01, 2018 | October 25, 2018 |
| $0.56 | $0.56 | August 14, 2018 | August 15, 2018 | September 01, 2018 | July 27, 2018 |
| $0.56 | $0.56 | May 14, 2018 | May 15, 2018 | June 01, 2018 | April 25, 2018 |
| $0.56 | $0.56 | February 14, 2018 | February 15, 2018 | March 01, 2018 | January 23, 2018 |
| $0.535 | $0.535 | November 14, 2017 | November 15, 2017 | December 01, 2017 | October 24, 2017 |
| $0.535 | $0.535 | August 11, 2017 | August 15, 2017 | September 01, 2017 | July 28, 2017 |
| $0.535 | $0.535 | May 11, 2017 | May 15, 2017 | June 01, 2017 | April 26, 2017 |
| $0.535 | $0.535 | February 13, 2017 | February 15, 2017 | March 01, 2017 | January 25, 2017 |
| $0.52 | $0.52 | November 10, 2016 | November 15, 2016 | December 01, 2016 | October 31, 2016 |
| $0.52 | $0.52 | August 11, 2016 | August 15, 2016 | September 01, 2016 | July 28, 2016 |
| $0.52 | $0.52 | May 12, 2016 | May 16, 2016 | June 01, 2016 | April 21, 2016 |
| $0.52 | $0.52 | February 11, 2016 | February 16, 2016 | March 01, 2016 | January 22, 2016 |
| $0.505 | $0.505 | November 12, 2015 | November 16, 2015 | December 01, 2015 | November 02, 2015 |
| $0.505 | $0.505 | August 12, 2015 | August 14, 2015 | September 01, 2015 | July 31, 2015 |
| $0.505 | $0.505 | May 13, 2015 | May 15, 2015 | June 01, 2015 | April 30, 2015 |
| $0.505 | $0.505 | February 11, 2015 | February 16, 2015 | March 01, 2015 | January 26, 2015 |
| $0.49 | $0.49 | November 12, 2014 | November 14, 2014 | December 01, 2014 | October 30, 2014 |
| $0.49 | $0.49 | August 13, 2014 | August 15, 2014 | September 01, 2014 | July 31, 2014 |
| $0.49 | $0.49 | May 13, 2014 | May 15, 2014 | June 01, 2014 | May 01, 2014 |
| $0.49 | $0.49 | February 12, 2014 | February 14, 2014 | March 01, 2014 | January 30, 2014 |
| $0.475 | $0.475 | November 13, 2013 | November 15, 2013 | December 01, 2013 | October 28, 2013 |
| $0.475 | $0.475 | August 13, 2013 | August 15, 2013 | September 01, 2013 | July 29, 2013 |
| $0.475 | $0.475 | May 13, 2013 | May 15, 2013 | June 01, 2013 | May 01, 2013 |
| $0.475 | $0.475 | February 13, 2013 | February 15, 2013 | March 01, 2013 | January 23, 2013 |
| $0.46 | $0.46 | November 13, 2012 | November 15, 2012 | December 01, 2012 | October 31, 2012 |
| $0.46 | $0.46 | August 13, 2012 | August 15, 2012 | September 01, 2012 | July 26, 2012 |
| $0.46 | $0.46 | May 11, 2012 | May 15, 2012 | June 01, 2012 | April 27, 2012 |
| $0.46 | $0.46 | February 13, 2012 | February 15, 2012 | March 01, 2012 | January 27, 2012 |
| $0.445 | $0.445 | November 10, 2011 | November 15, 2011 | December 01, 2011 | November 01, 2011 |
| $0.445 | $0.445 | August 11, 2011 | August 15, 2011 | September 01, 2011 | July 21, 2011 |
| $0.445 | $0.445 | May 12, 2011 | May 16, 2011 | June 01, 2011 | April 21, 2011 |
| $0.445 | $0.445 | February 11, 2011 | February 15, 2011 | March 01, 2011 | January 21, 2011 |
| $0.44 | $0.44 | November 10, 2010 | November 15, 2010 | December 01, 2010 | October 21, 2010 |
| $0.44 | $0.44 | August 12, 2010 | August 16, 2010 | September 01, 2010 | July 22, 2010 |
| $0.44 | $0.44 | May 12, 2010 | May 14, 2010 | June 01, 2010 | April 22, 2010 |
| $0.44 | $0.44 | February 10, 2010 | February 15, 2010 | March 01, 2010 | January 22, 2010 |
| $0.44 | $0.44 | November 12, 2009 | November 16, 2009 | December 01, 2009 | October 23, 2009 |
| $0.44 | $0.44 | August 12, 2009 | August 14, 2009 | September 01, 2009 | July 23, 2009 |
| $0.44 | $0.44 | May 13, 2009 | May 15, 2009 | June 01, 2009 | April 23, 2009 |
| $0.44 | $0.44 | February 11, 2009 | February 16, 2009 | March 01, 2009 | January 22, 2009 |
| $0.43 | $0.43 | November 12, 2008 | November 14, 2008 | December 01, 2008 | October 24, 2008 |
| $0.43 | $0.43 | August 13, 2008 | August 15, 2008 | September 01, 2008 | July 24, 2008 |
| $0.43 | $0.43 | May 13, 2008 | May 15, 2008 | June 01, 2008 | April 24, 2008 |
| $0.43 | $0.43 | February 13, 2008 | February 15, 2008 | March 01, 2008 | January 24, 2008 |
| $0.41 | $0.41 | November 13, 2007 | November 15, 2007 | December 01, 2007 | October 18, 2007 |
| $0.41 | $0.41 | August 13, 2007 | August 15, 2007 | September 01, 2007 | July 19, 2007 |
| $0.41 | $0.41 | May 11, 2007 | May 15, 2007 | June 01, 2007 | April 27, 2007 |
| $0.41 | $0.41 | February 13, 2007 | February 15, 2007 | March 01, 2007 | January 26, 2007 |
| $0.3625 | $0.3625 | November 13, 2006 | November 15, 2006 | December 01, 2006 | October 30, 2006 |
| $0.3625 | $0.3625 | August 11, 2006 | August 15, 2006 | September 01, 2006 | July 28, 2006 |
| $0.3625 | $0.3625 | May 11, 2006 | May 15, 2006 | June 01, 2006 | April 27, 2006 |
| $0.3625 | $0.3625 | February 13, 2006 | February 15, 2006 | March 01, 2006 | January 26, 2006 |
| $0.315 | $0.315 | November 10, 2005 | November 15, 2005 | December 01, 2005 | October 28, 2005 |
| $0.315 | $0.315 | August 11, 2005 | August 15, 2005 | September 01, 2005 | July 29, 2005 |
| $0.315 | $0.315 | May 12, 2005 | May 16, 2005 | June 01, 2005 | April 29, 2005 |
| $0.3 | $0.3 | February 11, 2005 | February 15, 2005 | March 01, 2005 | February 04, 2005 |
| $0.3 | $0.3 | November 10, 2004 | November 15, 2004 | December 01, 2004 | October 22, 2004 |
| $16 | $16 | September 21, 2004 | |||
| $0.2825 | $0.849 | August 12, 2004 | August 16, 2004 | September 01, 2004 | July 22, 2004 |
| $0.2825 | $0.849 | May 12, 2004 | May 14, 2004 | June 01, 2004 | April 19, 2004 |
| $0.2825 | $0.849 | February 11, 2004 | February 16, 2004 | March 01, 2004 | January 22, 2004 |
| $0.2825 | $0.849 | November 12, 2003 | November 14, 2003 | December 01, 2003 | October 24, 2003 |
| $0.2825 | $0.849 | August 13, 2003 | August 15, 2003 | September 01, 2003 | July 24, 2003 |
| $0.2825 | $0.849 | May 13, 2003 | May 15, 2003 | June 01, 2003 | April 25, 2003 |
| $0.2825 | $0.849 | February 12, 2003 | February 14, 2003 | March 01, 2003 | January 24, 2003 |
| $0.275 | $0.825 | November 13, 2002 | November 15, 2002 | December 01, 2002 | October 18, 2002 |
| $0.275 | $0.825 | August 13, 2002 | August 15, 2002 | September 01, 2002 | July 19, 2002 |
| $0.275 | $0.825 | May 13, 2002 | May 15, 2002 | June 01, 2002 | April 30, 2002 |
| $0.275 | $0.825 | February 13, 2002 | February 15, 2002 | March 01, 2002 | January 24, 2002 |
| $0.2675 | $0.804 | November 13, 2001 | November 15, 2001 | December 01, 2001 | October 19, 2001 |
| $0.2675 | $0.804 | August 13, 2001 | August 15, 2001 | September 01, 2001 | July 19, 2001 |
| $0.2675 | $0.804 | May 11, 2001 | May 15, 2001 | June 01, 2001 | April 18, 2001 |
| $0.2675 | $0.804 | February 13, 2001 | February 15, 2001 | March 01, 2001 | January 18, 2001 |
| $0.2675 | $0.804 | November 13, 2000 | November 15, 2000 | December 01, 2000 | October 18, 2000 |
| $0.2675 | $0.804 | August 11, 2000 | August 15, 2000 | September 01, 2000 | July 19, 2000 |
| $0.2675 | $0.804 | May 11, 2000 | May 15, 2000 | June 01, 2000 | April 19, 2000 |
| $0.2675 | $0.804 | February 11, 2000 | February 15, 2000 | March 01, 2000 | January 18, 2000 |
| $0.2675 | $0.804 | November 10, 1999 | November 15, 1999 | December 01, 1999 | October 27, 1999 |
| $0.2675 | $0.804 | August 12, 1999 | August 16, 1999 | September 01, 1999 | July 21, 1999 |
| $0.2675 | $0.804 | May 12, 1999 | May 14, 1999 | June 01, 1999 | April 21, 1999 |
| $0.535 | $0.765 | February 11, 1999 | February 16, 1999 | March 01, 1999 | January 18, 1999 |
| $0.51 | $0.765 | November 12, 1998 | November 16, 1998 | December 01, 1998 | October 28, 1998 |
| $0.51 | $0.765 | August 12, 1998 | August 14, 1998 | September 01, 1998 | July 22, 1998 |
| $0.51 | $0.765 | May 13, 1998 | May 15, 1998 | June 01, 1998 | April 22, 1998 |
| $0.51 | $0.765 | February 11, 1998 | February 16, 1998 | March 01, 1998 | January 27, 1998 |
| $0.51 | $0.765 | November 12, 1997 | November 14, 1997 | December 01, 1997 | October 29, 1997 |
| $0.51 | $0.765 | August 13, 1997 | August 15, 1997 | September 01, 1997 | July 23, 1997 |
| $0.51 | $0.765 | May 13, 1997 | May 15, 1997 | June 01, 1997 | April 23, 1997 |
| $0.51 | $0.765 | February 12, 1997 | February 14, 1997 | March 01, 1997 | January 28, 1997 |
| $0.51 | $0.765 | November 13, 1996 | November 15, 1996 | December 01, 1996 | October 23, 1996 |
| $0.51 | $0.765 | August 13, 1996 | August 15, 1996 | September 01, 1996 | July 24, 1996 |
| $0.51 | $0.765 | May 13, 1996 | May 15, 1996 | June 01, 1996 | April 24, 1996 |
| $0.51 | $0.765 | February 13, 1996 | February 15, 1996 | March 01, 1996 | January 23, 1996 |
| $0.51 | $0.765 | November 13, 1995 | November 15, 1995 | December 01, 1995 | October 25, 1995 |
| $0.51 | $0.765 | August 11, 1995 | August 15, 1995 | September 01, 1995 | July 26, 1995 |
| $0.51 | $0.765 | May 09, 1995 | May 15, 1995 | June 01, 1995 | April 26, 1995 |
| $0.51 | $0.765 | February 09, 1995 | February 15, 1995 | March 01, 1995 | |
| $0.505 | $0.7575 | November 08, 1994 | November 15, 1994 | December 01, 1994 | |
| $0.505 | $0.7575 | August 09, 1994 | August 15, 1994 | September 01, 1994 | |
| $0.505 | $0.7575 | May 10, 1994 | May 16, 1994 | June 01, 1994 | |
| $0.505 | $0.7575 | February 09, 1994 | February 15, 1994 | March 01, 1994 | |
| $0.495 | $0.7425 | November 08, 1993 | November 15, 1993 | December 01, 1993 | |
| $0.495 | $0.7425 | August 10, 1993 | August 16, 1993 | September 01, 1993 | |
| $0.495 | $0.7425 | May 10, 1993 | May 14, 1993 | June 01, 1993 | |
| $0.495 | $0.7425 | February 09, 1993 | February 16, 1993 | March 01, 1993 | |
| $0.485 | $0.7275 | November 09, 1992 | November 16, 1992 | December 01, 1992 | |
| $0.485 | $0.7275 | August 10, 1992 | August 14, 1992 | September 01, 1992 | |
| $0.485 | $0.7275 | May 11, 1992 | May 15, 1992 | June 01, 1992 | |
| $0.485 | $0.7275 | February 10, 1992 | February 14, 1992 | March 01, 1992 | |
| $0.475 | $0.7125 | November 08, 1991 | November 15, 1991 | December 01, 1991 | |
| $0.475 | $0.7125 | August 09, 1991 | August 15, 1991 | September 01, 1991 | |
| $0.475 | $0.7125 | May 09, 1991 | May 15, 1991 | June 01, 1991 | |
| $0.475 | $0.7125 | February 11, 1991 | February 15, 1991 | March 01, 1991 | |
| $0.465 | $0.6975 | November 08, 1990 | November 15, 1990 | December 01, 1990 | October 26, 1990 |
| $0.465 | $0.6975 | August 09, 1990 | August 15, 1990 | September 01, 1990 | July 27, 1990 |
| $0.465 | $0.6975 | May 09, 1990 | May 15, 1990 | June 01, 1990 | April 26, 1990 |
| $0.465 | $0.6975 | February 09, 1990 | February 15, 1990 | March 01, 1990 | January 25, 1990 |
| $0.445 | $0.6675 | November 09, 1989 | November 15, 1989 | December 01, 1989 | October 27, 1989 |
| $0.445 | $0.6675 | August 09, 1989 | August 15, 1989 | September 01, 1989 | July 28, 1989 |
| $0.445 | $0.6675 | May 09, 1989 | May 15, 1989 | June 01, 1989 | April 28, 1989 |
| $0.445 | $0.6675 | February 09, 1989 | February 15, 1989 | March 01, 1989 | January 26, 1989 |
| $0.43 | $0.645 | November 08, 1988 | November 15, 1988 | December 01, 1988 | October 28, 1988 |
| $0.43 | $0.645 | August 09, 1988 | August 15, 1988 | September 01, 1988 | July 28, 1988 |
| $0.43 | $0.645 | May 10, 1988 | May 16, 1988 | June 01, 1988 | May 02, 1988 |
| $0.43 | $0.645 | February 09, 1988 | February 16, 1988 | March 01, 1988 | January 29, 1988 |
| $0.2766 | $0.41496 | November 09, 1987 | November 16, 1987 | December 01, 1987 | October 22, 1987 |
| $0.2766 | $0.41496 | August 10, 1987 | August 14, 1987 | September 01, 1987 | July 24, 1987 |
| $0.2766 | $0.41496 | May 11, 1987 | May 15, 1987 | June 01, 1987 | April 24, 1987 |
| $0.2766 | $0.41496 | February 09, 1987 | February 13, 1987 | March 01, 1987 | January 29, 1987 |
| $0.2533 | $0.37996 | November 07, 1986 | |||
| $0.2533 | $0.37996 | August 11, 1986 | |||
| $0.75992 | $0.75992 | May 09, 1986 | |||
| $0.75992 | $0.75992 | February 10, 1986 | |||
| $0.68993 | $0.68993 | November 08, 1985 | |||
| $0.68993 | $0.68993 | August 09, 1985 | |||
| $0.68993 | $0.68993 | May 09, 1985 | |||
| $0.68993 | $0.68993 | February 08, 1985 |
Frequently Asked Questions
ALLETE currently pays an annual dividend of $2.845 per share. This means that for each share you own, you'll receive $2.845 in dividends over the course of a year, typically paid in quarterly installments of $ per share.
ALLETE's current dividend yield is 4.35%. This means that if you invest $100 in ALLETE's stock at the current price, you can expect to receive approximately $4.35 in annual dividend income. The dividend yield is calculated by dividing the annual dividend by the current stock price.
The most recent ex-dividend date for ALLETE was February 14, 2025. Ex-dividend dates are typically announced in advance of each dividend payment. If you purchase the stock before the ex-dividend date, you'll be eligible for the upcoming dividend payment. It's advisable to check ALLETE's investor relations page or financial news sources for the next ex-dividend date announcement.
ALLETE's dividend payout ratio is currently 90.80%. This means that the company is distributing 90.80% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes. A lower payout ratio suggests that the company has more room to increase dividends in the future or to withstand temporary declines in earnings without cutting the dividend.
In the last fiscal year, ALLETE paid a total of $162.80M in dividends to its shareholders. To put this in perspective, the company's annual revenue was $-, and its net income was $-. This means that ALLETE distributed - of its revenue and - of its net income as dividends, demonstrating a balance between returning value to shareholders and reinvesting in the business.
Compared to the previous year, ALLETE's dividend has decreased by -4.69%. This decrease rate provides insight into the company's dividend policy and financial health over the past year. A decrease in dividends can occur for various reasons, including changes in the company's financial situation or strategic priorities.