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ALLETE Board of Directors declares dividend on common stock

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ALLETE's (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock, maintaining an annual dividend rate of $2.82 per share. The dividend will be paid on December 1 to shareholders of record as of November 15, 2024. ALLETE is an energy company based in Duluth, Minnesota, operating through multiple subsidiaries including Minnesota Power, Superior Water, Light and Power of Wisconsin, ALLETE Clean Energy, BNI Energy, and New Energy Equity, with an 8% stake in American Transmission Co.

Il consiglio di amministrazione di ALLETE (NYSE:ALE) ha dichiarato un dividendo trimestrale di 70,5 centesimi per azione di azioni ordinarie, mantenendo un tasso di dividendo annuale di 2,82 dollari per azione. Il dividendo sarà pagato il 1 dicembre agli azionisti registrati al 15 novembre 2024. ALLETE è una compagnia energetica con sede a Duluth, Minnesota, che opera attraverso molteplici filiali tra cui Minnesota Power, Superior Water, Light and Power of Wisconsin, ALLETE Clean Energy, BNI Energy e New Energy Equity, con una partecipazione dell'8% in American Transmission Co.

La junta directiva de ALLETE (NYSE:ALE) ha declarado un dividendo trimestral de 70.5 centavos por acción de acciones ordinarias, manteniendo una tasa anual de dividendo de 2.82 dólares por acción. El dividendo se pagará el 1 de diciembre a los accionistas registrados al 15 de noviembre de 2024. ALLETE es una empresa de energía con sede en Duluth, Minnesota, que opera a través de múltiples subsidiarias, incluyendo Minnesota Power, Superior Water, Light and Power of Wisconsin, ALLETE Clean Energy, BNI Energy y New Energy Equity, con una participación del 8% en American Transmission Co.

ALLETE의 이사회(NYSE:ALE)는 주당 70.5센트의 분기 배당금을 선언하였으며, 연간 배당률은 주당 2.82달러를 유지합니다. 배당금은 2024년 11월 15일 기준 주주에게 12월 1일 지급될 예정입니다. ALLETE는 미네소타주 덜루스에 본사를 둔 에너지 회사로, 미네소타 파워, 슈페리어 워터, 위스콘신의 라이트 앤 파워, ALLETE 클린 에너지, BNI 에너지, 뉴 에너지 에쿼티를 포함한 여러 자회사를 통해 운영되며, 아메리칸 트랜스미션 회사에 8%의 지분을 보유하고 있습니다.

Le conseil d'administration d'ALLETE (NYSE:ALE) a déclaré un dividende trimestriel de 70,5 cents par action d'actions ordinaires, maintenant un taux de dividende annuel de 2,82 dollars par action. Le dividende sera payé le 1er décembre aux actionnaires enregistrés au 15 novembre 2024. ALLETE est une entreprise énergétique basée à Duluth, Minnesota, opérant à travers plusieurs filiales, y compris Minnesota Power, Superior Water, Light and Power du Wisconsin, ALLETE Clean Energy, BNI Energy et New Energy Equity, avec une participation de 8 % dans American Transmission Co.

Der Vorstand von ALLETE (NYSE:ALE) hat eine vierteljährliche Dividende von 70,5 Cent pro Aktie der Stammaktien erklärt und damit einen jährlichen Dividendenbetrag von 2,82 US-Dollar pro Aktie beibehalten. Die Dividende wird am 1. Dezember an die Aktionäre ausgezahlt, die am 15. November 2024 im Register stehen. ALLETE ist ein Energieunternehmen mit Sitz in Duluth, Minnesota, das durch mehrere Tochtergesellschaften wie Minnesota Power, Superior Water, Light and Power von Wisconsin, ALLETE Clean Energy, BNI Energy und New Energy Equity tätig ist und eine 8%ige Beteiligung an American Transmission Co. hält.

Positive
  • Maintained stable quarterly dividend of $0.705 per share
  • Annual dividend rate remains steady at $2.82 per share
Negative
  • None.

Insights

The quarterly dividend announcement of $0.705 per share, totaling $2.82 annually, maintains ALLETE's consistent dividend policy. With a current market cap of $3.72B, this translates to a dividend yield of approximately 4%. The unchanged dividend rate signals financial stability but also suggests near-term growth prospects. The company's diversified portfolio across utilities and clean energy assets provides a stable foundation for dividend sustainability. However, investors should note that utility stocks typically trade based on yield and interest rate expectations, making them sensitive to monetary policy changes.

DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock.

On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter.

The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 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 in Bismarck, ND; New Energy Equity, headquartered in Annapolis, MD; and has an 8% 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.

Investor Contact:

218-723-3952

shareholder@allete.com

Source: ALLETE, Inc.

FAQ

What is ALLETE's (ALE) current quarterly dividend amount?

ALLETE's current quarterly dividend is 70.5 cents per share of common stock.

When will ALLETE (ALE) pay its next dividend?

ALLETE will pay its next dividend on December 1, 2024, to shareholders of record as of November 15, 2024.

What is ALLETE's (ALE) annual dividend rate?

ALLETE's annual dividend rate is $2.82 per share.

Has ALLETE (ALE) changed its dividend compared to the previous quarter?

No, ALLETE's dividend remains unchanged from the previous quarter at 70.5 cents per share quarterly.

ALLETE, Inc.

NYSE:ALE

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3.71B
57.82M
0.27%
76.99%
1.59%
Utilities - Diversified
Electric & Other Services Combined
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United States of America
DULUTH