On 2016-07-28, Allete, Inc. (NYSE:ALE) confirmed the dividend disbursement of $0.52 a share to shareholders as on record 2016-08-15. The firm will release dividend on 2016-09-01 while ex-dividend date is reported to be 2016-08-11.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Allete, Inc. (NYSE:ALE) paid a total of $0.52 per share in dividends. This figure stood at $0.52 a share in the same period a year ago indicating a deviation of 3.0612%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $65.166 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $66 and $64.5, respectively.
Taking the mathematical rating formula, the price for Allete, Inc. (NYSE:ALE) stands at 1.5. Earnings Review Allete, Inc. (NYSE:ALE) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-01. For the period ending on 2016-09-30, experts are expecting EPS of $0.98.
Coming to the quarter ending on 2015-12-31, Allete, Inc. (NYSE:ALE) recorded EPS of $0.5. The reported numbers came lower than the analysts’ estimates of $0.51, demonstrating a miss of $-0.01 as against reported figures.
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