Allete (ALE) dividend stock





  • Yield

     2.76%
  • Dividend

     2.14
  • 5 year dividend growth rate
     3.2%
  • Dividend increased

     6 yrs.
  • Payout ratio

     63%
  • Dividend pay date

     6/1/2017
  • Ex-dividend date

     8/11/2017
  • Uninterrupted
    dividends
     N/A yrs.
  • Yield compared to 5 year average
     -31.0%
  • Dividend payback
    period
      yrs.
  • Chowder rule

     6.0
  • Tweed factor

     -16.8
Rating
Overall rating
The overall rating measures the general health and sustainabilty of the company's dividend. It is an average of the five ratings below.





Dividend increased years
This rating looks at the number of years the company has increased their dividend consecutively. 1 star is given for 7 years or below and 5 stars are given for 23 years or more.





Dividend yield
This rating evaluates the size of the yield. 1 star is given for a yield below 0.75% and 5 stars for yields above 6.75%.





Payout ratio
The payout ratio shows how much of the earnings are being paid out as dividends. We award 0 stars for payout ratios above 100% and 5 stars for ratios below 10%.





Dividend growth rate
This rating takes into account the growth of the dividend. Companies that have a dividend growth rate below 1.5% get 1 star while 5 stars are given for rates above 13.5%.





Yield compared to 5 year average
If the current yield is below the 5 year average, it tends to indicate that the stock is cheap. A rating of 0 is given if the current yield is below 0 percent compared to the average and a rating of 5 is given if it's more than 22.5% above.
Relative valuations
Yield compared to 5 year average   
-31.0%
Payout ratio compared to 5 year average   
-1.0%
P/E compared to 5 year average   
30.4%
Price per book value compared to 5 year average   
29.3%
Price change from 52 week high   
-2.6%
Price change from 50 days average   
1.8%
Price change from 200 days average   
8.1%
Price info
Change
0.66 (0.86%)


Last price
77.57 USD


Day range
76.55 - 77.81


Year range
56.48 - 79.61

Financial health
Current ratio
1.35


Debt/equity ratio
88.16


Cash
97.00M


Debt
1.61B


Valuation
Price/earning (P/E)
22.82


Price/book (P/B)
1.94


Forward price/earning (P/E)
21.25


Price/sales (P/S)
2.78


PEG
4.57


Market cap
3.95B

Recession performance (2007 - 2009)
1.6400,1.7200,1.7600
  • 2007
  • 2008
  • 2009
Dvidend growth (annualized)   
3.6%
3.0800,2.8200,1.8900
  • 2007
  • 2008
  • 2009
Earnings per share growth (annualized)   
-21.7%
10 year history
1.6400,1.7200,1.7600,1.7600,1.7800,1.8400,1.9000,1.9600,2.0200,2.0800
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Dividend growth (annualized)   
2.7%
3.0800,2.8200,1.8900,2.1900,2.6500,2.5800,2.6300,2.9000,2.9200,2.9200
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Earnings per share growth (annualized)   
-0.6%
24.1100,26.1500,26.4100,27.2600,28.0400,30.4800,31.1000,33.3200,37.1000,37.0600
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Book value per share growth (annualized)   
4.9%
53.3000,61.0000,92.9000,80.2000,70.7000,71.3000,73.5000,65.3000,61.1000,69.3000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Payout ratio growth (annualized)   
3.0%
28.0000,29.0000,32.0000,34.0000,35.0000,38.0000,40.0000,43.0000,48.0000,48.0000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Shares outstanding growth (annualized)   
6.2%
Other companies in the diversified utilities industry
Company
Div. increase  
Yield
Div. growth
USA   Vectren 57 yrs2.56%2.9%
Canada   Canadian Utilities 45 yrs3.01%10.1%
USA   MGE Energy 42 yrs1.99%3.2%
USA   UGI 30 yrs2.10%6.0%
USA   Eversource Energy 19 yrs3.09%10.1%
United Kingdom   Centrica 18 yrs7.13%0.8%
United Kingdom   SSE 16 yrs6.22%3.4%
USA   Avista 15 yrs2.77%4.5%
Company profile
Empoloyees
1,581


Sector


Website


Founded
1906


Industry


SEC filings




ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, and Investments and Other segments. It generates electricity from coal-fired, hydro, wind, and biomass co-fired facilities. The company provides regulated electric, natural gas, and water services in north...
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Address:
30 West Superior Street, Duluth, MN, 55802-2093

Phone:
+1 218 279-5000
The dividend of ALE is 2.14 for the last 12 months, and based on a stock price of 77.57, the yield is 2.76%. The dividend has been raised for 6 years in a row (since 2011). An earnings per share of 3.4 and a dividend of 2.14 gives Allete a payout ratio of 63%. If their dividend growth rate stays the same, the dividend payback period would be years. Their dividend has been growing by 3.2% a year for the last 5 years (on average). The ex-dividend date for ALE is 8/11/2017, and 6/1/2017 is their dividend pay date. It was founded in 1906 and is a US company with 1,581 employees. The stock belongs to the diversified utilities industry in the utilities sector. Our dividend rating for this stock is 1.2 / 5 stars.






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