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

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ALLETE Board of Directors Raises Quarterly Common Stock Dividend

February 1, 2019 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 58.75 cents per share, a five percent increase.

ALLETEs board is confident with this dividend increase given our strong earnings growth outlook, said ALLETE Chairman, CEO and President Al Hodnik. We are well... More