ALLETE (ALE) Set to Announce Quarterly Earnings on Tuesday
ALLETE (NYSE:ALE) is scheduled to be announcing its earnings results before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.87 per share for the quarter.
Shares of ALLETE (ALE) opened at $69.89 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 1.34. ALLETE has a 1 year low of $64.56 and a 1 year high of $81.24. The stock has a market cap of $3,499.28, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.69 and a beta of 0.33.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.21%. This is a positive change from ALLETE’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, February 14th. ALLETE’s dividend payout ratio is presently 61.85%.
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ALLETE, Inc is an energy company. The Company’s segments include Regulated Operations, ALLETE Clean Energy, Inc (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC.
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