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CORRECTING and REPLACING ALLETE Board of Directors Declares Dividend on Common Stock

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ALLETE, Inc. (NYSE:ALE) has announced a quarterly dividend of 70.5 cents per share of common stock, as declared by its board of directors. This correction updates the previously reported 70.05 cents per share. On an annual basis, the dividend remains unchanged at $2.82 per share. The dividend is payable on September 1, 2024, to shareholders of record as of August 15, 2024.

ALLETE is an energy company based in Duluth, Minnesota, with diverse holdings including electric utilities Minnesota Power and Superior Water, Light and Power of Wisconsin, as well as ALLETE Clean Energy, BNI Energy, and New Energy Equity. The company also holds an 8% equity stake in American Transmission Co.

ALLETE, Inc. (NYSE:ALE) ha annunciato un dividendo trimestrale di 70,5 centesimi per azione di azioni ordinarie, come dichiarato dal suo consiglio di amministrazione. Questa correzione aggiorna il precedente dividendo segnalato di 70,05 centesimi per azione. Su base annua, il dividendo rimane invariato a 2,82 dollari per azione. Il dividendo è pagabile il 1 settembre 2024, agli azionisti registrati al 15 agosto 2024.

ALLETE è un'azienda energetica con sede a Duluth, Minnesota, con una varietà di partecipazioni tra cui le utilità elettriche Minnesota Power e Superior Water, Light and Power del Wisconsin, oltre a ALLETE Clean Energy, BNI Energy e New Energy Equity. L'azienda detiene anche una partecipazione azionaria dell'8% in American Transmission Co.

ALLETE, Inc. (NYSE:ALE) ha anunciado un dividendo trimestral de 70,5 centavos por acción de acciones ordinarias, según lo declarado por su junta directiva. Esta corrección actualiza el dividendo previamente reportado de 70,05 centavos por acción. Anualmente, el dividendo se mantiene sin cambios en $2,82 por acción. El dividendo es pagadero el 1 de septiembre de 2024, a los accionistas registrados a fecha del 15 de agosto de 2024.

ALLETE es una compañía energética con sede en Duluth, Minnesota, con diversas participaciones que incluyen las utilidades eléctricas Minnesota Power y Superior Water, Light and Power de Wisconsin, así como ALLETE Clean Energy, BNI Energy, y New Energy Equity. La compañía también posee una participación accionaria del 8% en American Transmission Co.

ALLETE, Inc. (NYSE:ALE)는 이사회에서 선언한 바와 같이 주당 70.5센트의 분기 배당금을 발표했습니다. 이 수정 사항은 이전에 보고된 주당 70.05센트를 업데이트한 것입니다. 연간 기준으로 배당금은 주당 $2.82로 변함이 없습니다. 배당금은 2024년 9월 1일에 지급되며, 2024년 8월 15일 기준의 주주에게 지급됩니다.

ALLETE는 미네소타주 덜루스에 본사를 둔 에너지 회사로, 미네소타 전력 회사와 위스콘신의 슈페리어 수자원, 전력 및 조명 사업을 포함한 다양한 보유 자산과 함께 ALLETE 클린 에너지, BNI 에너지, 뉴 에너지 에쿼티를 운영하고 있습니다. 이 회사는 또한 American Transmission Co.에서 8%의 지분을 보유하고 있습니다.

ALLETE, Inc. (NYSE:ALE) a annoncé un dividende trimestriel de 70,5 cents par action d'actions ordinaires, comme déclaré par son conseil d'administration. Cette correction met à jour le dividende précédemment rapporté de 70,05 cents par action. Sur une base annuelle, le dividende reste inchangé à 2,82 dollars par action. Le dividende est payable le 1er septembre 2024, aux actionnaires enregistrés au 15 août 2024.

ALLETE est une entreprise énergétique basée à Duluth, Minnesota, avec des participations variées incluant les services publics Minnesota Power et Superior Water, Light and Power du Wisconsin, ainsi qu'ALLETE Clean Energy, BNI Energy et New Energy Equity. L'entreprise détient également une participation de 8 % dans American Transmission Co.

ALLETE, Inc. (NYSE:ALE) hat eine vierteljährliche Dividende von 70,5 Cent pro Aktie der Stammaktien bekannt gegeben, wie vom Vorstand erklärt. Diese Korrektur aktualisiert die zuvor berichteten 70,05 Cent pro Aktie. Auf jährlicher Basis bleibt die Dividende unverändert bei 2,82 Dollar pro Aktie. Die Dividende ist am 1. September 2024 zahlbar an die Aktionäre, die am 15. August 2024 im Aktienregister stehen.

ALLETE ist ein Energieunternehmen mit Sitz in Duluth, Minnesota, mit vielfältigen Beteiligungen, darunter die Elektrizitätswerke Minnesota Power und Superior Water, Light and Power in Wisconsin sowie ALLETE Clean Energy, BNI Energy und New Energy Equity. Das Unternehmen hält außerdem eine 8%ige Beteiligung an der American Transmission Co.

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DULUTH, Minn.--(BUSINESS WIRE)-- First paragraph, first sentence of release dated July 25, 2024 should read: The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock (instead of The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.05 cents per share of common stock).

The updated release reads:

ALLETE BOARD OF DIRECTORS DECLARES DIVIDEND ON COMMON STOCK

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock.

On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter.

The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 15, 2024.

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.

Investor Contact:

Vince Meyer

2
18-723-3952

vmeyer@allete.com

Source: ALLETE, Inc.

FAQ

What is the new quarterly dividend amount for ALLETE (ALE) stock?

ALLETE (ALE) has declared a quarterly dividend of 70.5 cents per share of common stock.

When is the dividend payable for ALLETE (ALE) shareholders?

The dividend is payable on September 1, 2024, to ALLETE (ALE) shareholders of record as of August 15, 2024.

Has ALLETE (ALE) changed its annual dividend amount?

No, ALLETE's (ALE) annual dividend remains unchanged at $2.82 per share.

What was the error in ALLETE's (ALE) original dividend announcement?

The original announcement incorrectly stated the quarterly dividend as 70.05 cents per share, which has been corrected to 70.5 cents per share.

What are some of ALLETE's (ALE) main business segments?

ALLETE's (ALE) main business segments include electric utilities Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE Clean Energy, BNI Energy, and New Energy Equity.

ALLETE, Inc.

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