ALLETE Board of Directors Declares Dividend on Common Stock

Rhea-AI Summary

ALLETE, Inc. (NYSE: ALE) has declared a quarterly dividend of 63 cents per share, maintaining an annual rate of $2.52 per share. The dividend will be payable on June 1 to shareholders of record as of May 14, 2021. ALLETE operates electric utilities such as Minnesota Power and Superior Water, Light and Power, along with subsidiaries including ALLETE Clean Energy and BNI Energy. The company emphasizes its commitment to providing consistent returns to shareholders.

Positive

• Quarterly dividend of 63 cents per share declared, maintaining annual dividend at $2.52.
• Dividend payment scheduled for June 1, showing reliability in income for shareholders.

Negative

• None.

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 63 cents per share of common stock.

On an annual basis the dividend is equivalent to $2.52 per share, unchanged from the previous quarter.

The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 14, 2021.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210429005144/en/

FAQ

What is the quarterly dividend amount declared by ALLETE (ALE)?

ALLETE has declared a quarterly dividend of 63 cents per share.

When will the dividend payment be made to ALLETE (ALE) shareholders?

The dividend payment will be made on June 1 to shareholders of record as of May 14, 2021.

What is the annual dividend total for ALLETE (ALE) shares?

The annual dividend total is $2.52 per share.

How often does ALLETE (ALE) pay dividends?

ALLETE pays dividends on a quarterly basis.