Allete dividend calculator – ALLETE Declares 0.6775 Cash Dividend
May 31, 2023
🌥️Dividends Yield
On May 26 2023, ALLETE ($NYSE:ALE) Inc. declared a cash dividend of 0.6775 USD per share. This makes it one of the top dividend stocks in the market and an attractive option for investors who are interested in investing in dividend stocks. Over the last three years, ALLETE has paid an annual dividend of 2.63, 2.6, and 2.52 USD per share and has a projected dividend yield of 4.34%, 4.27%, and 3.79% respectively over the 2021 to 2023 period with an average yield of 4.13%. The ex-dividend date is set for May 12 2023, so those interested in investing in ALLETE should note this date in order to qualify for the dividend payment.
Stock Price
On Friday, ALLETE Inc., a U.S. energy company, declared a 0.6775 cash dividend. This announcement followed the opening of ALLETE stock at $60.1, which closed at $60.3, representing an 0.3% increase from its last closing price of $60.1. This move is seen as a sign of the company’s commitment to rewarding its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allete. ALLETE_Declares_0.6775_Cash_Dividend”>More…
| Total Revenues | Net Income | Net Margin |
| 1.75k | 181.2 | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allete. ALLETE_Declares_0.6775_Cash_Dividend”>More…
| Operations | Investing | Financing |
| 318.5 | -398.6 | 44.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allete. ALLETE_Declares_0.6775_Cash_Dividend”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.7k | 3.35k | 47.38 |
Key Ratios Snapshot
Some of the financial key ratios for Allete are shown below. ALLETE_Declares_0.6775_Cash_Dividend”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | -11.0% | 9.9% |
| FCF Margin | ROE | ROA |
| 4.9% | 4.0% | 1.6% |
Analysis – Allete Intrinsic Stock Value
At GoodWhale, we have conducted a comprehensive analysis of ALLETE‘s fundamentals. We applied our proprietary Valuation Line to the company’s financials and the result is a fair intrinsic value of $73.6 per share. Currently, ALLETE stock is traded at a price of $60.3, which is undervalued by 18.1%. We suggest that investors take advantage of this opportunity and consider adding ALLETE to their portfolios. More…
Peers
ALLETE Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in the United States. The company operates through two segments, Regulated Operations and Non-regulated Operations. It generates electricity from coal, hydro, nuclear, natural gas, oil, biomass, and solar sources. The company supplies electricity to residential, commercial, industrial, and agricultural customers; and sells excess electricity on the wholesale market. ALLETE Inc. was founded in 1906 and is based in Duluth, Minnesota. ALLETE Inc.’s competitors include NiSource Inc., MGE Energy Inc., and Iberdrola SA.
– NiSource Inc ($NYSE:NI)
NiSource Inc is a Fortune 500 company that owns and operates electric and natural gas utilities in the United States. The company has a market cap of 9.94B as of 2022 and a Return on Equity of 10.43%. NiSource’s primary business is the distribution of electricity and natural gas to customers in Indiana, Maryland, Massachusetts, Ohio, Pennsylvania, and Kentucky. The company also owns and operates a regulated natural gas pipeline business in Canada.
– MGE Energy Inc ($NASDAQ:MGEE)
MGE Energy Inc is a public utility holding company, which engages in the generation, purchase, transmission, distribution, and sale of electricity. The company operates through the following segments: Regulated Electric Utility Operations and Nonregulated Energy Operations. It generates electricity through coal, nuclear, natural gas, oil, solar, biomass, landfill gas, and hydro resources. The company was founded in 1855 and is headquartered in Madison, WI.
– Iberdrola SA ($LTS:0HIT)
Iberdrola SA is a Spanish electric utility company based in Bilbao, Spain. It is the largest electricity provider in Spain and one of the largest in the world. The company has a market cap of 58.24B as of 2022 and a Return on Equity of 11.07%. Iberdrola SA is a leading provider of renewable energy in Europe and the Americas, and one of the world’s largest investors in wind power. The company operates in over 30 countries and serves over 60 million customers.
Summary
Investing in ALLETE can be a great way to generate dividend income. Over the last three years, the company has paid out an average annual dividend of 2.63, 2.6, and 2.52 USD per share, giving investors an average yield of 4.13%. The projected dividend yields for 2021 to 2023 are 4.34%, 4.27%, and 3.79% respectively, which is relatively high compared to other stocks in the same industry. Investors should keep an eye on this stock as it offers a good opportunity to generate consistent income through dividends.
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