Allete, Inc. (ALE) Ex-Dividend Date Scheduled for February 13, 2013

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Allete, Inc. ( ALE ) will begin trading ex-dividend on February 13, 2013. A cash dividend payment of $0.475 per share is scheduled to be paid on March 01, 2013. Shareholders who purchased ALE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.26% increase over the prior quarter.

The previous trading day's last sale of ALE was $46.86, representing a -0.15% decrease from the 52 week high of $46.93 and a 24.2% increase over the 52 week low of $37.73.

ALE is a part of the Public Utilities sector, which includes companies such as Duke Energy Corporation ( DUK ) and Exelon Corporation ( EXC ). ALE's current earnings per share, an indicator of a company's profitability, is $2.36. Zacks Investment Research reports ALE's forecasted earnings growth in 2012 as -2.89%, compared to an industry average of 3.8%.

For more information on the declaration, record and payment dates, visit the ALE Dividend History page.

Interested in gaining exposure to ALE through an Exchange Traded Fund [ETF]?
The following ETF(s) have ALE as a top-10 holding:

  • PowerShares Exchange-Traded Fund Trust II PowerShares S&P Smal ( PSCU )
  • WisdomTree Trust SmallCap Dividend Fund ( DES ).

The top-performing ETF of this group is DES with an increase of 5.01% over the last 100 days. PSCU has the highest percent weighting of ALE at 4.6%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Stocks

Referenced Stocks: ALE , DES , DUK , EXC , PSCU

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