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

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ALLETE Board of Directors Raises Quarterly Common Stock Dividend

January 25, 2017 6:30 AM EST

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today announced that its Board of Directors has increased the quarterly dividend on the companys common stock to 53.5 cents per share, an increase of 3 percent.

This increase is supported by ALLETEs solid financial position and continues our long history of returning value to shareholders, said ALLETE Chairman, CEO and President Al... More