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. The dividend is payable on December 1 to shareholders of record by the close of business on November 15, 2021. The company operates utilities like Minnesota Power and Superior Water, Light and Power, enhancing its commitment to shareholder returns through consistent dividends.

Positive

• Quarterly dividend of 63 cents per share, maintaining an annual dividend of $2.52.
• Dividend consistency reflects company confidence and financial stability.

Negative

• None.

DULUTH, Minn.--(BUSINESS WIRE)-- 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 December 1 to common stock shareholders of record at the close of business November 15, 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/20211029005061/en/

Investor Contact:

Vince Meyer

218-723-3952

vmeyer@allete.com

Source: ALLETE, Inc.

FAQ

What is the dividend amount for ALLETE (NYSE: ALE) announced in the recent press release?

The announced dividend amount is 63 cents per share.

When will the ALLETE (NYSE: ALE) dividend be paid?

The dividend will be paid on December 1, 2021.

What is the record date for the ALLETE (NYSE: ALE) dividend?

The record date for the dividend is November 15, 2021.

How does the recent dividend of ALLETE (NYSE: ALE) compare to previous dividends?

The recent dividend of 63 cents per share is unchanged from the previous quarter.