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Allete, Inc. (ALE) Ex-Dividend Date Scheduled for May 13, 2015

Allete, Inc. ( ALE ) will begin trading ex-dividend on May 13, 2015. A cash dividend payment of $0.505 per share is scheduled to be paid on June 01, 2015. Shareholders who purchased ALE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.06% increase over the same period a year ago. At the current stock price of $48.87, the dividend yield is 4.13%.

The previous trading day's last sale of ALE was $48.87, representing a -18.18% decrease from the 52 week high of $59.73 and a 10.59% increase over the 52 week low of $44.19.

ALE is a part of the Public Utilities sector, which includes companies such as Duke Energy Corporation ( DUK ) and Exelon Corporation ( EXCU ). ALE's current earnings per share, an indicator of a company's profitability, is $2.95. Zacks Investment Research reports ALE's forecasted earnings growth in 2015 as 4.55%, compared to an industry average of 6.5%.

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 )
  • WisdomTree Trust SmallCap Dividend Fund ( DES ).

The top-performing ETF of this group is DES with an increase of 3.59% over the last 100 days. PSCU has the highest percent weighting of ALE at 4.78%.

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


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

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