ALLETE, Inc.

ALLETE, Inc.

ALEยทNYSE

$67.90

+0.0000%
UtilitiesDiversified Utilities

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.

At a Glance

Live Snapshot
Market Cap$3.94B
EPS3.1074
P/E Ratio21.85
Earnings Date02/11/2026
1.10%
Dividend Yield
-3%
3Y-15.0%
5Y-8.0%
10Y+15.0%
156.46%
Dividend Payout Ratio
18%
3Y+42.0%
5Y+98.0%
10Y+20.0%
3Y+14.0%
5Y+32.0%
10Y+77.0%
ALLETE, Inc.

ALLETE, Inc. Dividend History

ALE ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

ALE Dividend Payment History

ALE ยท NYSE

Total Payments

50

Latest Dividend

$0.7300

Annual Amount

$3.6000

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Jul 25, 2025
Aug 15, 2025Sep 1, 2025
$0.7300
$0.7300
Quarterly0.00%
Apr 25, 2025
May 15, 2025Jun 1, 2025
$0.7300
$0.7300
Quarterly0.00%
Jan 30, 2025
Feb 14, 2025Mar 1, 2025
$0.7300
$0.7300
Quarterly+3.55%
Oct 25, 2024
Nov 15, 2024Dec 1, 2024
$0.7050
$0.7050
Quarterly0.00%
Jul 25, 2024
Aug 15, 2024Sep 1, 2024
$0.7050
$0.7050
Quarterly0.00%
Apr 25, 2024
May 15, 2024Jun 1, 2024
$0.7050
$0.7050
Quarterly0.00%
Jan 26, 2024
Feb 15, 2024Mar 1, 2024
$0.7050
$0.7050
Quarterly+3.98%
Oct 27, 2023
Nov 15, 2023Dec 1, 2023
$0.6780
$0.6780
Quarterly0.00%
Jul 31, 2023
Aug 15, 2023Sep 1, 2023
$0.6780
$0.6780
Quarterly0.00%
Apr 27, 2023
May 15, 2023Jun 1, 2023
$0.6780
$0.6780
Quarterly0.00%
Feb 3, 2023
Feb 15, 2023Mar 1, 2023
$0.6780
$0.6780
Quarterly+4.31%
Oct 28, 2022
Nov 15, 2022Dec 1, 2022
$0.6500
$0.6500
Quarterly0.00%
Jul 28, 2022
Aug 15, 2022Sep 1, 2022
$0.6500
$0.6500
Quarterly0.00%
Apr 28, 2022
May 16, 2022Jun 1, 2022
$0.6500
$0.6500
Quarterly0.00%
Feb 3, 2022
Feb 15, 2022Mar 1, 2022
$0.6500
$0.6500
Quarterly+3.17%
Oct 29, 2021
Nov 15, 2021Dec 1, 2021
$0.6300
$0.6300
Quarterly0.00%
Jul 29, 2021
Aug 16, 2021Sep 1, 2021
$0.6300
$0.6300
Quarterly0.00%
Apr 29, 2021
May 14, 2021Jun 1, 2021
$0.6300
$0.6300
Quarterly0.00%
Feb 4, 2021
Feb 16, 2021Mar 1, 2021
$0.6300
$0.6300
Quarterly+1.94%
Oct 30, 2020
Nov 16, 2020Dec 1, 2020
$0.6180
$0.6180
Quarterly0.00%
Jul 30, 2020
Aug 14, 2020Sep 1, 2020
$0.6180
$0.6180
Quarterly0.00%
Apr 30, 2020
May 15, 2020Jun 1, 2020
$0.6180
$0.6180
Quarterly0.00%
Jan 31, 2020
Feb 14, 2020Mar 1, 2020
$0.6180
$0.6180
Quarterly+5.10%
Oct 24, 2019
Nov 15, 2019Dec 1, 2019
$0.5880
$0.5880
Quarterly0.00%
Jul 25, 2019
Aug 15, 2019Sep 1, 2019
$0.5880
$0.5880
Quarterly0.00%
Apr 24, 2019
May 15, 2019Jun 1, 2019
$0.5880
$0.5880
Quarterly0.00%
Feb 1, 2019
Feb 15, 2019Mar 1, 2019
$0.5880
$0.5880
Quarterly+5.00%
Oct 25, 2018
Nov 15, 2018Dec 1, 2018
$0.5600
$0.5600
Quarterly0.00%
Jul 27, 2018
Aug 15, 2018Sep 1, 2018
$0.5600
$0.5600
Quarterly0.00%
Apr 25, 2018
May 15, 2018Jun 1, 2018
$0.5600
$0.5600
Quarterly0.00%
Jan 23, 2018
Feb 15, 2018Mar 1, 2018
$0.5600
$0.5600
Quarterly+4.67%
Oct 24, 2017
Nov 15, 2017Dec 1, 2017
$0.5350
$0.5350
Quarterly0.00%
Jul 28, 2017
Aug 15, 2017Sep 1, 2017
$0.5350
$0.5350
Quarterly0.00%
Apr 26, 2017
May 15, 2017Jun 1, 2017
$0.5350
$0.5350
Quarterly0.00%
Jan 25, 2017
Feb 15, 2017Mar 1, 2017
$0.5350
$0.5350
Quarterly+2.88%
Oct 31, 2016
Nov 15, 2016Dec 1, 2016
$0.5200
$0.5200
Quarterly0.00%
Jul 28, 2016
Aug 15, 2016Sep 1, 2016
$0.5200
$0.5200
Quarterly0.00%
Apr 21, 2016
May 16, 2016Jun 1, 2016
$0.5200
$0.5200
Quarterly0.00%
Jan 22, 2016
Feb 16, 2016Mar 1, 2016
$0.5200
$0.5200
Quarterly+2.97%
Nov 2, 2015
Nov 16, 2015Dec 1, 2015
$0.5050
$0.5050
Quarterly0.00%
Jul 31, 2015
Aug 14, 2015Sep 1, 2015
$0.5050
$0.5050
Quarterly0.00%
Apr 30, 2015
May 15, 2015Jun 1, 2015
$0.5050
$0.5050
Quarterly0.00%
Jan 26, 2015
Feb 16, 2015Mar 1, 2015
$0.5050
$0.5050
Quarterly+3.06%
Oct 30, 2014
Nov 14, 2014Dec 1, 2014
$0.4900
$0.4900
Quarterly0.00%
Jul 31, 2014
Aug 15, 2014Sep 1, 2014
$0.4900
$0.4900
Quarterly0.00%
May 1, 2014
May 15, 2014Jun 1, 2014
$0.4900
$0.4900
Quarterly0.00%
Jan 30, 2014
Feb 14, 2014Mar 1, 2014
$0.4900
$0.4900
Quarterly+3.16%
Oct 28, 2013
Nov 15, 2013Dec 1, 2013
$0.4750
$0.4750
Quarterly0.00%
Jul 29, 2013
Aug 15, 2013Sep 1, 2013
$0.4750
$0.4750
Quarterly0.00%
May 1, 2013
May 15, 2013Jun 1, 2013
$0.4750
$0.4750
Quarterly-
ale

ALLETE, Inc. Payout Ratio Analysis

ALE ยท NYSE
Dividends Paid
-162.80M
2024
Net Income
179.30M
2024
Payout Ratio
90.80%
2024

Dividend Sustainability Analysis

Payout Ratio
90.80%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
159.3%

FCF insufficient to cover dividends. Company relying on borrowing, asset sales, or cash reserves to maintain payout. Unsustainable long-term.

Dividend Growth
-4.7%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
At Risk

Dividend appears unsustainable based on current metrics. High probability of reduction or elimination. Proceed with caution.

Key Insight

Unsustainable dividend: Company paying out more than it generates in earnings or free cash flow. Dividend cut highly probable unless management takes corrective action or earnings recover dramatically.