ALLETE Board of Directors Raises Quarterly Common Stock Dividend
03 Februar 2022 - 12:30PM
Business Wire
ALLETE, Inc. (NYSE:ALE) today announced that its Board of
Directors has increased the quarterly dividend on the company’s
common stock to 65 cents per share, a 3% percent increase.
“ALLETE’s board is confident with this dividend increase given
our growth outlook for ALLETE,” said ALLETE Chair, President and
CEO Bethany Owen. “We are pleased to deliver another dividend
increase to our shareholders, and this adds to our track record of
over 72 consecutive years of dividends paid.”
On an annual basis the increased dividend is equivalent to $2.60
per share. The regular quarterly dividend is payable Mar. 1 to
common shareholders of record at the close of business Feb. 15,
2022.
ALLETE Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth; BNI Energy, based in
Bismarck, N.D.; and has an 8 percent equity interest in the
American Transmission Co. More information about ALLETE is
available at www.allete.com. ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. These
forward-looking statements involve risks and uncertainties and
investors are directed to the risks discussed in documents filed by
ALLETE with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20220203005268/en/
Investor Contact: Vince Meyer 218-723-3952 vmeyer@allete.com
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