ALLETE, Inc. (ALE) Raises Quarterly Dividend 4.9% to $0.5875; 3.1% Yield

ALLETE, Inc. (NYSE: ALE) declared a quarterly dividend of $0.5875 per share, or $2.35 annualized. This is a 4.9% increase from the prior dividend of $0.56.

The dividend will be payable on March 1, 2019, to stockholders of record on February 15, 2019, with an ex-dividend date of February 14, 2019.

The annual yield on the dividend is 3.1 percent.

“ALLETE’s board is confident with this dividend increase given our strong earnings growth outlook,” said ALLETE Chairman, CEO and President Al Hodnik. “We are well positioned for dividend increases in the coming years while maintaining an appropriate dividend payout ratio.”

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

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