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ALLETE (ALLETE) Buyback Yield % : -0.44 (As of Apr. 27, 2024)


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What is ALLETE Buyback Yield %?

Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.

ALLETE's current buyback yield was -0.44%.

ALLETE Buyback Yield % Historical Data

The historical data trend for ALLETE's Buyback Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ALLETE Buyback Yield % Chart

ALLETE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Buyback Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 -0.56 -1.98 -6.72 -0.42

ALLETE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Buyback Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.39 -0.36 -0.53 -0.49 -0.40

Competitive Comparison of ALLETE's Buyback Yield %

For the Utilities - Diversified subindustry, ALLETE's Buyback Yield %, along with its competitors' market caps and Buyback Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ALLETE's Buyback Yield % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ALLETE's Buyback Yield % distribution charts can be found below:

* The bar in red indicates where ALLETE's Buyback Yield % falls into.


ALLETE Buyback Yield % Calculation

Buyback yield is a measure of shareholder return.

ALLETE's Buyback Yield for the fiscal year that ended in Dec. 2023 is calculated as

Buyback Yield=Net Issuance of Stock / Market Cap
=- (Repurchase of Stock + Issuance of Stock) / Market Cap
=- (0 + 14.9) / 3520.43076
=-0.42%

ALLETE's annualized Buyback Yield for the quarter that ended in Dec. 2023 is calculated as

Buyback Yield=Net Issuance of Stock(Annualized) / Market Cap
=- (Repurchase of Stock + Issuance of Stock) * Annualized Factor / Market Cap
=- (0 + 3.5) * 4 / 3520.43076
=-0.40%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the annualized quarterly data, the Repurchase of Stock and Issuance of Stock data used here is four times the quarterly (Dec. 2023) data.

ALLETE Buyback Yield % Related Terms

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ALLETE (ALLETE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ALLETE Inc (NYSE:ALE) » Definitions » Buyback Yield %
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Traded in Other Exchanges
AEBA:Germany
Address
30 West Superior Street, Duluth, MN, USA, 55802-2093
Website
https://www.allete.com
ALLETE Inc is a provider of competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company's two reportable segments are 1) Regulated Operations includes the company's regulated utilities, Minnesota Power and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. 2) ALLETE Clean Energy focuses on developing, acquiring, and operating clean and renewable energy projects.
Executives
Joshua John Skelton officer: VP ALLETE; COO MN Power 30 WEST SUPERIOR STREET, DULUTH MN 55802
Charles R Matthews director 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Charlene A Thomas director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Heidi J Eddins director 30 W. SUPERIOR STREET, DULUTH MN 55802
Barbara A Nick director
Alan R Hodnik director, officer: President 30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Robert John Adams officer: VP Bus. Deve. Chief Risk Offic 30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Madeleine W Ludlow director C/O OGLEBAY NORTON COMPANY, 1001 LAKESIDE AVENUE - 15TH FLOOR, CLEVELAND OH 44114
Nicole Renee Johnson officer: VP & Chief Admin Off 30 WEST SUPERIOR STREET, DULUTH MN 55802
Kathryn W Dindo director C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
Margaret A Thickens officer: VP, CLO & Secretary 30 WEST SUPERIOR STREET, DULUTH MN 55802
James J Hoolihan director 30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Susan K Nestegard director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Robert P Powers director AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Steven Q Devinck officer: Controller 30 WEST SUPERIOR STREET, DULUTH MN 55802-2093