ALLETE, Inc. (ALE) Declares $0.505 Quarterly Dividend; 4% Yield

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Go back to ALLETE, Inc. (ALE) Declares $0.505 Quarterly Dividend; 4% Yield

Minnesota Power's Great Northern Transmission Line Reaches Another Milestone with Release of Final Environmental Impact Statement

November 2, 2015 6:30 AM EST

DULUTH, Minn.--(BUSINESS WIRE)-- Minnesota Power announced today that the U.S. Department of Energy (DOE) and the Minnesota Department of Commerce (DOC) have issued the Final Environmental Impact Statement (FEIS) for the Great Northern Transmission Line (GNTL).

The issuance of the FEIS concludes the successful review of the project's environmental impacts under the National Environmental Policy Act and clears the way for a route permit decision by the Minnesota Public Utilities Commission (MPUC) in early 2016. DOE's proposed action is the issuance of a Presidential Permit that would authorize Minnesota Power to construct, operate and maintain... More

ALLETE Board of Directors Declares Dividend on Common Stock

November 2, 2015 6:30 AM EST

DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 50.5 cents per share of common stock.

On an annual basis the dividend is equivalent to $2.02 per share, unchanged from the previous quarter.

The regular quarterly dividend is... More