ALLETE Board of Directors declares dividend on common stock

Rhea-AI Summary

ALLETE, Inc. declares a quarterly dividend of 67.75 cents per share of common stock, equivalent to $2.71 per share annually. The dividend remains unchanged from the previous quarter. The regular quarterly dividend will be payable on December 1, 2023, to common stock shareholders of record as of November 15, 2023.

Positive

• ALLETE, Inc. declares a quarterly dividend of 67.75 cents per share, providing a stable income for investors.
• The dividend of $2.71 per share annually is unchanged, indicating consistent financial performance.

Negative

• No negative takes found.

DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.

On an annual basis, the dividend is equivalent to $2.71 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, 2023.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231027359562/en/

Investor Contact:

Vince Meyer

218-723-3952

vmeyer@allete.com

Source: ALLETE, Inc.

FAQ

What is the dividend declared by ALLETE, Inc.?

ALLETE, Inc. has declared a quarterly dividend of 67.75 cents per share of common stock.

When will the dividend be payable?

The regular quarterly dividend will be payable on December 1, 2023.

What is the annual dividend per share?

The annual dividend per share is $2.71, unchanged from the previous quarter.

Who is eligible for the dividend?

Common stock shareholders of ALLETE, Inc. as of November 15, 2023, will be eligible for the dividend.

Where can I find more information about ALLETE, Inc.?

More information about ALLETE, Inc. is available at www.allete.com.