Allete, Inc. ( ALE ) will begin trading ex-dividend on November 10, 2016. A cash dividend payment of $0.52 per share is scheduled to be paid on December 01, 2016. 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 $60.35, the dividend yield is 3.45%.
The previous trading day's last sale of ALE was $60.35, representing a -7.74% decrease from the 52 week high of $65.41 and a 25.91% increase over the 52 week low of $47.93.
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 $2.61. Zacks Investment Research reports ALE's forecasted earnings growth in 2016 as -20.15%, compared to an industry average of -.3%.
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 )
- Victory CEMP US Small Cap High Div Volatility Wtd Index ETF ( CSB )
- iShares S&P SmallCap 600 Value ETF ( IJS )
- SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value ( SLYV )
- Vanguard S&P Small-Cap 600 Value ETF ( VIOV ).
The top-performing ETF of this group is CSB with an increase of 4.91% over the last 100 days. PSCU has the highest percent weighting of ALE at 12.2%.