Allete, Inc. (NYSE:ALE) Updates On Quarterly Dividend


As per Allete, Inc. (NYSE:ALE) statement on 2016-07-28, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.52 per share as dividend to stakeholders. The record date is set as 2016-08-15, the payout date as 2016-09-01 and the ex-dividend date is 2016-08-11.

Last fiscal Allete, Inc. (NYSE:ALE) disbursed cash dividend of $0.52. A year ago, the payout was $0.52, which indicates a difference of 3.0612%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.52, implying 2.794% growth.

For the period ended on 2015-12-31, Allete, Inc. (NYSE:ALE)’s earnings came at $0.5 per share compared to EPS of $1.23 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-01. For this quarter, the analysts have earnings estimate of $0.98 per share.

The interim price target for Allete, Inc. (NYSE:ALE) is set at $65.166. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Allete, Inc. (NYSE:ALE) is seen at $66 and the lowest level is established at $64.5. This broad range highlights a standard deviation of $0.763 in reported estimates.

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