ALLETE Board of Directors raises quarterly common stock dividend
26 Enero 2024 - 5:30AM
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 $0.705 per share, a 4.1% percent increase.
“This dividend increase reflects the ALLETE Board of Directors’
confidence in our growth outlook for ALLETE,” said ALLETE Chair,
President and CEO Bethany Owen. “We are pleased to deliver another
dividend increase to our shareholders – adding to our track record
of more than 74 consecutive years of dividends paid.”
On an annual basis the increased dividend is equivalent to $2.82
per share. The regular quarterly dividend is payable Mar. 1 to
common shareholders of record at the close of business Feb. 15,
2024.
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.; New Energy Equity headquartered in Annapolis, MD,
and has an eight 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/20240126990017/en/
Vince Meyer 218-723-3952 vmeyer@allete.com
Allete (NYSE:ALE)
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