ALLETE Board of Directors Declares Dividend on Common Stock
The board of directors of ALLETE has declared a quarterly dividend of 61.75 cents per share of common stock, maintaining an annual dividend of $2.47 per share. The dividend will be paid on December 1 to shareholders recorded by the close of business on November 16, 2020. ALLETE operates through its electric utilities, including Minnesota Power and Superior Water, Light and Power, along with several energy subsidiaries.
- Quarterly dividend of 61.75 cents per share shows financial stability.
- Annual dividend remains steady at $2.47 per share, indicating consistent shareholder returns.
- None.
DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 61.75 cents per share of common stock.
On an annual basis the dividend is equivalent to
The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 16, 2020.
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.
