ALLETE, Inc. (ALE) Raises Quarterly Dividend 2.9% to $0.535; 3.4% Yield

ALLETE, Inc. (NYSE: ALE) declared a quarterly dividend of $0.535 per share, or $2.14 annualized. This is a 2.9% increase from the prior dividend of $0.52.

The dividend will be payable on January 25, 2017, to stockholders of record on January 25, 2017, with an ex-dividend date of January 23, 2017.

The annual yield on the dividend is 3.4 percent.

“This increase is supported by ALLETE’s solid financial position and continues our long history of returning value to shareholders,” said ALLETE Chairman, CEO and President Al Hodnik. “ALLETE’s Board of Directors is committed to a sustainable dividend that allows for future increases.”

For a dividend history and other dividend-related data on ALLETE, Inc. (ALE) click here.

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