ALLETE Board of Directors Declares Dividend on Common Stock

Rhea-AI Summary

ALLETE, Inc. (NYSE:ALE) has declared a quarterly dividend of 65 cents per share, maintaining an annual dividend of $2.60. The dividend is payable on June 1 to shareholders of record as of the close of business on May 16, 2022. This decision reflects the company's commitment to providing consistent income to its shareholders. ALLETE operates electric utilities and clean energy businesses, contributing to its ongoing financial stability.

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• Quarterly dividend of 65 cents per share, maintaining annual dividend of $2.60.

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• None.

DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 65 cents per share of common stock.

On an annual basis the dividend is equivalent to $2.60 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 16, 2022.

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; New Energy Equity based in Annapolis, Maryland; and BNI Energy, based in Bismarck, North Dakota; 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/20220428005326/en/

Investor Contact:

Vince Meyer

218-723-3952

vmeyer@allete.com

Source: ALLETE, Inc.

FAQ

What is the dividend amount declared by ALLETE, Inc. for 2022?

ALLETE, Inc. has declared a quarterly dividend of 65 cents per share.

When will ALLETE's dividend be paid?

The dividend will be payable on June 1, 2022.

What is the record date for ALLETE's dividend?

The record date for the dividend is May 16, 2022.

How often does ALLETE pay dividends?

ALLETE pays dividends quarterly.

What is the annual dividend per share for ALLETE?

The annual dividend for ALLETE is $2.60 per share.