ALLETE (NYSE:ALE) announces a quarterly dividend of $0.5875

ME Staff

6 years ago

ALLETE (NYSE:ALE) to go ex-dividend.On 2/1/2019 ALLETE ( NYSE:ALE ) announced that it will be issuing a quarterly dividend in the amount of $0.5875 down from $0.5875 making the yield 3.05%.ALLETE (NYSE:ALE) Ex- dividend dateALLETE (NYSE:ALE) is set to go ex-dividend on and will be payable on 3/1/2019 Dividend History for ALLETE (NYSE:ALE) The next payable dividend for ALLETE is scheduled for 3/1/2019. There is an annual dividend of $$2.24 with a yield of 2.99% The company’s dividend has increased by 3.50% on a 3 Year AverageRecent Dividend History for ALLETE (NYSE:ALE)

On 1/23/2013 ALLETE announced a quarterly dividend of $0.4750.
On 5/1/2013 ALLETE announced a quarterly dividend of $0.4750.
On 7/29/2013 ALLETE announced a quarterly dividend of $0.4750.
On 10/28/2013 ALLETE announced a quarterly dividend of $0.4750.
On 1/30/2014 ALLETE announced a quarterly dividend of $0.49.
On 5/1/2014 ALLETE announced a quarterly dividend of $0.49.

About Company ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 megawatt of wind energy generation. Further, it offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, the company is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 167 substations with a total capacity of 8,540 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, pipeline, and other industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.Recent Insider Trading for ALLETE (NYSE:ALE)

On 12/12/2018 Alan R. Hodnik, CEO, sold 4,000 with an average share price of $81.05 per share and the total transaction amounting to $324,200.00.
On 9/13/2018 Alan R. Hodnik, Chairman, sold 4,000 with an average share price of $75.70 per share and the total transaction amounting to $302,800.00.
On 8/27/2018 James J Hoolihan, Director, sold 800 with an average share price of $76.49 per share and the total transaction amounting to $61,192.00.
On 7/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $77.62 per share and the total transaction amounting to $62,096.00.
On 6/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $77.22 per share and the total transaction amounting to $61,776.00.
On 5/26/2018 James J Hoolihan, Director, sold 800 with an average share price of $75.85 per share and the total transaction amounting to $60,680.00.

Recent Analyst Rating for ALLETE (NYSE:ALE)

On 12/10/2018 Williams Capital, Downgrade, fromHold to Sell with a price target of $69.00
On 9/17/2018 Wells Fargo & Co, Boost Price Target, to Market Perform with a price target of $76.00 to $77.00
On 7/23/2018 Guggenheim, Reiterated Rating, to Hold with a price target of $71.00
On 5/7/2018 Mizuho, Downgrade, fromBuy to Neutral with a price target of $71.50
On 4/10/2018 JPMorgan Chase & Co., Boost Price Target, fromUnderweight to Underweight with a price target of $64.00 to $66.00
On 10/20/2017 LADENBURG THALM/SH SH, Downgrade, fromBuy to Neutral with a price target of $78.00

Recent Trading for ALLETE (NYSE:ALE) Shares of ALLETE closed the previous trading session at with 47255 shares trading hands.