STOCK DIVIDEND AND STOCK SPLIT
The most common method for companies to distribute wealth among shareholders is to pay dividends in the form of cash or stock. When a company has a low level of liquid cash on hand, stock dividends are typically issued in lieu of cash dividends. It is the board of directors that decides whether a dividend should be declared and in what form it should be distributed. Dividend yield is also a financial ratio that shows how much a company pays out in dividends on its shares each year, which is something investors look for in a stock.
Dividend Rate
Trailing Annual Dividend Rate
$2.77
Forward Annual Dividend Rate
$2.82
Yield
Trailing Annual Dividend Yield
4.35%
Forward Annual Dividend Yield
4.26%
Dividend Date
Dividend Date
Sep 01, 2025
Ex-dividend Date
Aug 15, 2025
4.11 %
101.27
Dividend History
| Announced | Amount | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| Jul 25, 2025 | 0.73 | Aug 15, 2025 | Aug 15, 2025 | Sep 01, 2025 |
| Apr 25, 2025 | 0.73 | May 15, 2025 | May 15, 2025 | Jun 01, 2025 |
| Jan 30, 2025 | 0.73 | Feb 14, 2025 | Feb 14, 2025 | Mar 01, 2025 |
| Oct 25, 2024 | 0.705 | Nov 15, 2024 | Nov 15, 2024 | Dec 01, 2024 |
| Jul 25, 2024 | 0.705 | Aug 15, 2024 | Aug 15, 2024 | Sep 01, 2024 |
| Apr 25, 2024 | 0.705 | May 14, 2024 | May 15, 2024 | Jun 01, 2024 |
| Jan 26, 2024 | 0.705 | Feb 14, 2024 | Feb 15, 2024 | Mar 01, 2024 |
| Oct 27, 2023 | 0.677 | Nov 14, 2023 | Nov 15, 2023 | Dec 01, 2023 |
| Jul 31, 2023 | 0.677 | Aug 14, 2023 | Aug 15, 2023 | Sep 01, 2023 |
| Apr 27, 2023 | 0.677 | May 12, 2023 | May 15, 2023 | Jun 01, 2023 |
| Feb 03, 2023 | 0.677 | Feb 14, 2023 | Feb 15, 2023 | Mar 01, 2023 |
| Oct 28, 2022 | 0.65 | Nov 14, 2022 | Nov 15, 2022 | Dec 01, 2022 |
| Jul 28, 2022 | 0.65 | Aug 12, 2022 | Aug 15, 2022 | Sep 01, 2022 |
| Apr 28, 2022 | 0.65 | May 13, 2022 | May 16, 2022 | Jun 01, 2022 |
| Feb 03, 2022 | 0.65 | Feb 14, 2022 | Feb 15, 2022 | Mar 01, 2022 |
| Oct 29, 2021 | 0.63 | Nov 12, 2021 | Nov 15, 2021 | Dec 01, 2021 |
Stock Split History
| Date | Ratio | Change Before Split | Change After Split |
|---|---|---|---|
| Sep 21, 2004 | 1:3 | +0.19% | +1.15% |
| Mar 03, 1999 | 2:1 | +2.80% | -0.63% |
| Jul 16, 1986 | 2:1 | +2.44% | +1.27% |
Frequently Asked Questions
Is ALLETE, Inc. (ALE) a dividend paying company?
In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. ALLETE, Inc. is also among the companies that regularly pay dividends.
What is ALE's dividend yield?
Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. ALE's annual dividend yield for the trailing 12 months is 4.35.
When did ALE last pay a dividend?
ALE last paid dividends on 2025-09-01, with the ex-dividend date being 2025-08-15.
When was the last time ALE stock split?
ALE stock split took place on 21-09-2004.
How did ALE's stock split work?
Its last split took place on Sep 21, 2004, when ALLETE, Inc. went through a 1:3 split leaving the shareholder with 1 share(s) who previously owned 3 ALE share(s).