- ALLETE, Inc. (ALE, Financial) Board declared a quarterly dividend of 73 cents per share.
- The annual dividend remains unchanged at $2.92 per share.
- Dividend payable on June 1; record date is May 15, 2025.
ALLETE, Inc. (ALE), an energy company headquartered in Duluth, Minnesota, announced that its board of directors has declared a quarterly dividend of 73 cents per share on its common stock. This dividend translates to an annualized figure of $2.92 per share, maintaining the payout level from the previous quarter.
Shareholders of record at the close of business on May 15, 2025, will receive the dividend, which is scheduled for disbursement on June 1, 2025. ALLETE, Inc. is not only involved in electric utilities through Minnesota Power and Superior Water, Light and Power of Wisconsin but also holds a portfolio of diverse energy-related businesses, including ALLETE Clean Energy and an 8% stake in the American Transmission Co.
Investors can find more information about ALLETE's operations and strategic initiatives on their official website. The company emphasizes the continually evolving landscape of the energy sector and advises stakeholders to consider the potential risks discussed in its SEC filings.
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