Allete, Inc. (NYSE:ALE) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.6175 per share is scheduled to be paid on December 1, 2020. The dividend yield based on the latest trading day closing price was 4.24 percent. Shareholders who purchased ALE shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Allete, Inc. recently reported second quarter financial results on August 5, 2020, before market open, the Duluth based company unfold income for the second quarter of $ 0.39 per share, from the revenue of $ 243.20 million. The quarterly earnings declined 40.91 percent while revenues down 16.25 percent compared with the same quarter last year.
Street analysts expected Allete, Inc. recently reported second quarter financial results on August 5, 2020, before market open, the Duluth based company to report income of $ 0.67 per share on revenue of $ 290.75 million for the second quarter. The bottom line results missed street analysts by $ 0.28 or 41.79 percent, at the same time, top line results fell short of analysts by $ 47.55 million or 16.35 percent.
Stock Performance
Shares of Allete, Inc. traded up $ 0.19 or 0.33 percent on Wednesday, reaching $ 58.30 with volume of 270.00 thousand shares. Allete, Inc. has traded high as $ 58.60 and has cracked $ 57.33 on the downward trend
The closing price of $ 58.30, representing a 20.51 % increase from the 52 week low of $ 48.22 and a 31.4 % decrease over the 52 week high of $ 84.71.
The company has a market capital of $ 3.03 billion and is part of the Utilities sector and Diversified Utilities industry.
ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S.
