ALLETE, Inc. (ALE) Raises Quarterly Dividend 4.7% to $0.56, 3.1% Yield; Boosts Long-Term Growth Outlook

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Go back to ALLETE, Inc. (ALE) Raises Quarterly Dividend 4.7% to $0.56, 3.1% Yield; Boosts Long-Term Growth Outlook

ALLETE Board of Directors Raises Quarterly Common Stock Dividend and Long-Term Growth Outlook

January 24, 2018 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 56 cents per share, an increase of 4.7 percent.

This increase is supported by ALLETEs solid financial position and positions us for future dividend increases as financial performance from our non-regulated businesses is expected to accelerate after 2018, said ALLETE Chairman, CEO and President Al Hodnik. ALLETE is proud of its... More