Jul 24, 2003
ALLETE Declares Dividend On Common Stock
ALLETE Declares Dividend On Common Stock
ALLETE Declares Dividend On Common StockJuly 24, 2003
DULUTH, Minn.-- ALLETE's (NYSE: ALE) Board of Directors has declared a quarterly dividend on the company's common stock of 28.25 cents per share. On an annual basis the dividend is equivalent to $1.13 per share, unchanged from the previous quarter.
The regular quarterly dividend on common stock is payable September 1, 2003 to shareholders of record at the close of business August 15, 2003.
ALLETE's corporate headquarters are located in Duluth, Minnesota. ALLETE's holdings include ADESA, the second largest wholesale vehicle auction network in North America; AFC, the leading provider of independent auto dealer financing; Minnesota Power, a low-cost electric utility that serves some of the largest industrial customers in the United States; and significant real estate holdings in Florida. For more information about ALLETE, visit the company's Web site at www.allete.com.
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Contact:
Eric Olson
218-723-3947
eolson@allete.com
Investor Contact:
Tim Thorp
218-723-3953
tthorp@allete.com
DULUTH, Minn.-- ALLETE's (NYSE: ALE) Board of Directors has declared a quarterly dividend on the company's common stock of 28.25 cents per share. On an annual basis the dividend is equivalent to $1.13 per share, unchanged from the previous quarter.
The regular quarterly dividend on common stock is payable September 1, 2003 to shareholders of record at the close of business August 15, 2003.
ALLETE's corporate headquarters are located in Duluth, Minnesota. ALLETE's holdings include ADESA, the second largest wholesale vehicle auction network in North America; AFC, the leading provider of independent auto dealer financing; Minnesota Power, a low-cost electric utility that serves some of the largest industrial customers in the United States; and significant real estate holdings in Florida. For more information about ALLETE, visit the company's Web site at www.allete.com.
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Contact:
Eric Olson
218-723-3947
eolson@allete.com
Investor Contact:
Tim Thorp
218-723-3953
tthorp@allete.com