Allete, Inc. (ALE) Ex-Dividend Date Scheduled for November 14, 2017

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Allete, Inc. ( ALE ) will begin trading ex-dividend on November 14, 2017. A cash dividend payment of $0.535 per share is scheduled to be paid on December 01, 2017. Shareholders who purchased ALE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that ALE has paid the same dividend. At the current stock price of $76.34, the dividend yield is 2.8%.

The previous trading day's last sale of ALE was $76.34, representing a -4.58% decrease from the 52 week high of $80 and a 31.12% increase over the 52 week low of $58.22.

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 $3.46. Zacks Investment Research reports ALE's forecasted earnings growth in 2017 as 12.54%, compared to an industry average of 3.4%.

For more information on the declaration, record and payment dates, visit the ALE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

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

  • PowerShares S&P SmallCap Utilities Portfolio ( PSCU )
  • iShares S&P SmallCap 600 Value ETF ( IJS )
  • SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value ( SLYV )
  • PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV )
  • SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index -- ( SLY ).

The top-performing ETF of this group is SLYV with an increase of 7.13% over the last 100 days. PSCU has the highest percent weighting of ALE at 13.2%.

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

This article appears in: News Headlines , Stocks

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