ALLETE, Inc. (ALE)
ALLETE, Inc. (ALE) is an energy company headquartered in Minnesota, primarily engaged in the transmission and distribution of electricity. It operates in the utility sector, serving residential, commercial, and industrial customers through its subsidiary, Minnesota Power. ALLETE also has investments in renewable energy projects and other energy-related businesses, emphasizing sustainable and reliable energy solutions.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 1, 2025 | $0.73 | 2025-08-15 | 2025-08-15 |
| June 1, 2025 | $0.73 | 2025-05-15 | 2025-05-15 |
| March 1, 2025 | $0.73 | 2025-02-14 | 2025-02-14 |
| December 1, 2024 | $0.70 | 2024-11-15 | 2024-11-15 |
| September 1, 2024 | $0.70 | 2024-08-15 | 2024-08-15 |
Dividends Summary
- ALLETE, Inc. has issued 84 dividend payments over the past 21 years
- The most recent dividend was paid 51 days ago, on September 1, 2025
- The highest dividend payed out to investors during this period was $0.73 per share
- The average dividend paid during this period was $0.52 per share.
Company News
Halper Sadeh LLC is investigating potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders related to the proposed sales of Morphic Holding, Hudson Acquisition I Corp., ALLETE, and Doma Holdings.
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AAGIY, ALE and ALNT have been added to the Zacks Rank #5 (Strong Sell) List on May 14, 2024.
Unfavorable math and a big asset sale make its dividend look unsustainable.
As of Dec. 12, 2023, five stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, i...
