ALLETE Board of Directors Raises Quarterly Common Stock Dividend
ALLETE (NYSE:ALE) has announced a 3.5% increase in its quarterly dividend to $0.73 per share, equivalent to $2.92 annually. The dividend will be payable on March 1 to shareholders of record as of February 14, 2025.
This increase marks over 75 consecutive years of dividend payments by ALLETE, demonstrating the company's commitment to shareholder returns. CEO Bethany Owen expressed confidence in ALLETE's growth outlook, citing it as a factor in the board's decision to raise the dividend.
ALLETE operates through various subsidiaries including Minnesota Power, Superior Water, Light and Power of Wisconsin, ALLETE Clean Energy, BNI Energy, and New Energy Equity, with an additional 8% equity stake in American Transmission Co.
ALLETE (NYSE:ALE) ha annunciato un aumento del 3,5% del suo dividendo trimestrale a $0,73 per azione, equivalente a $2,92 annuali. Il dividendo sarà pagabile il 1 marzo agli azionisti registrati al 14 febbraio 2025.
Questo aumento segna oltre 75 anni consecutivi di pagamenti di dividendi da parte di ALLETE, dimostrando l'impegno della società nei confronti dei ritorni per gli azionisti. Il CEO Bethany Owen ha espresso fiducia nelle prospettive di crescita di ALLETE, citando questo fattore nella decisione del consiglio di amministrazione di aumentare il dividendo.
ALLETE opera attraverso varie controllate, tra cui Minnesota Power, Superior Water, Light and Power di Wisconsin, ALLETE Clean Energy, BNI Energy e New Energy Equity, con una partecipazione aggiuntiva dell'8% in American Transmission Co.
ALLETE (NYSE:ALE) ha anunciado un aumento del 3.5% en su dividendo trimestral a $0.73 por acción, equivalente a $2.92 anuales. El dividendo se pagará el 1 de marzo a los accionistas registrados hasta el 14 de febrero de 2025.
Este aumento marca más de 75 años consecutivos de pagos de dividendos por parte de ALLETE, demostrando el compromiso de la empresa con el retorno a los accionistas. La CEO Bethany Owen expresó confianza en las perspectivas de crecimiento de ALLETE, citando esto como un factor en la decisión de la junta de aumentar el dividendo.
ALLETE opera a través de varias subsidiarias, incluyendo Minnesota Power, Superior Water, Light and Power de Wisconsin, ALLETE Clean Energy, BNI Energy y New Energy Equity, con una participación adicional del 8% en American Transmission Co.
ALLETE (NYSE:ALE)는 분기 배당금을 3.5% 인상하여 주당 $0.73로 설정했으며, 이는 연간 $2.92에 해당합니다. 이 배당금은 2025년 2월 14일 기준 주주에게 3월 1일에 지급될 예정입니다.
이번 인상은 ALLETE가 75년 이상 배당금을 지급해온 것을 의미하며, 이는 주주에게 반환하려는 회사의 의지를 보여줍니다. CEO인 Bethany Owen은 ALLETE의 성장 전망에 대한 신뢰를 표명하며, 배당금 인상에 대한 이사회 결정의 이유로 이점을 언급했습니다.
ALLETE는 Minnesota Power, Superior Water, Wisconsin의 Light and Power, ALLETE Clean Energy, BNI Energy, New Energy Equity 등 여러 자회사를 통해 운영되며, American Transmission Co.에서도 추가로 8%의 지분을 보유하고 있습니다.
ALLETE (NYSE:ALE) a annoncé une augmentation de 3,5% de son dividende trimestriel à 0,73 $ par action, ce qui équivaut à 2,92 $ par an. Le dividende sera payable le 1er mars aux actionnaires dont les droits seront enregistrés au 14 février 2025.
Cette augmentation marque plus de 75 ans consécutifs de paiement de dividendes par ALLETE, démontrant l'engagement de l'entreprise envers le retour pour les actionnaires. La PDG Bethany Owen a exprimé sa confiance dans les perspectives de croissance d'ALLETE, citant cela comme un facteur dans la décision du conseil d'administration d'augmenter le dividende.
ALLETE fonctionne à travers plusieurs filiales, y compris Minnesota Power, Superior Water, Light and Power du Wisconsin, ALLETE Clean Energy, BNI Energy et New Energy Equity, avec une participation supplémentaire de 8 % dans American Transmission Co.
ALLETE (NYSE:ALE) hat eine Erhöhung von 3,5% seiner vierteljährlichen Dividende auf 0,73 $ pro Aktie angekündigt, was 2,92 $ jährlich entspricht. Die Dividende wird am 1. März an Aktionäre, die bis zum 14. Februar 2025 registriert sind, ausgezahlt.
Diese Erhöhung markiert über 75 aufeinanderfolgende Jahre der Dividendenzahlungen von ALLETE und zeigt das Engagement des Unternehmens für die Rendite der Aktionäre. CEO Bethany Owen äußerte Vertrauen in die Wachstumsaussichten von ALLETE und nannte dies einen Faktor in der Entscheidung des Vorstands, die Dividende zu erhöhen.
ALLETE operiert über verschiedene Tochtergesellschaften, darunter Minnesota Power, Superior Water, Light and Power von Wisconsin, ALLETE Clean Energy, BNI Energy und New Energy Equity, mit einem zusätzlichen 8%igen Eigenanteil an der American Transmission Co.
- 3.5% increase in quarterly dividend to $0.73 per share
- 75+ year track record of consecutive dividend payments
- Diversified energy portfolio across multiple subsidiaries
- None.
Insights
The 3.5% dividend increase to
The timing is particularly noteworthy as utilities face pressure from rising interest rates and infrastructure investment needs. ALLETE's diverse portfolio spanning regulated utilities (Minnesota Power, Superior Water, Light and Power), renewables (ALLETE Clean Energy) and strategic investments (American Transmission Co.) provides multiple growth vectors to support this enhanced shareholder return.
The 75+ year dividend track record places ALLETE among an elite group of Dividend Aristocrats in the utility sector. This consistency through multiple economic cycles demonstrates exceptional capital management and operational resilience. The modest but steady increase aligns with the defensive characteristics investors seek in utility stocks, particularly during periods of economic uncertainty.
For income-focused investors, this raise reinforces ALLETE's position as a reliable dividend growth stock in the utilities space, while maintaining flexibility for its ambitious clean energy transition and infrastructure modernization initiatives.
“This dividend increase reflects the ALLETE Board of Directors’ confidence in our growth outlook for ALLETE,” said ALLETE Chair, President and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders – adding to our track record of more than 75 consecutive years of dividends paid.”
On an annual basis the increased dividend is equivalent to
ALLETE Inc. is an energy company headquartered in
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.
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Investor Contact: 218-723-3952
shareholder@allete.com
Source: ALLETE, Inc.
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