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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
“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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130368998/en/
Investor Contact: 218-723-3952
shareholder@allete.com
Source: ALLETE, Inc.