Allete, Inc. (ALE) Stock Split History

Allete, Inc. has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on July 16, 1986 with the ratio of 2-for-1, meaning that for 1 share of ALE owned pre-split, shareholders then owned 2 shares. 3 more splits have been implemented since then. The most recent stock split took place on September 21, 2004 on a 1-for-3 basis.

These splits have increased ALE stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Allete, Inc.'s total market capitalization.

For more detailed information of Allete, Inc.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Allete, Inc. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ALE stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Allete, Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.