ALLETE Declares Dividend on Common Stock DULUTH, Minn. -- ALLETE's (NYSE: ALE) board of directors has declared a quarterly dividend on the company's common stock. A dividend of 28.25 cents per share of common stock was declared by the board. On an annual basis the dividend is equivalent to $1.13
ALLETE Reports Second Quarter Earnings DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2004 earnings of 40 cents per share, compared with 53 cents per share in the second quarter of 2003. Earnings from continuing operations were 38 cents per share for the quarter, compared
ALLETE Schedules 2nd Quarter Earnings Release and Conference Call DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) will announce its financial results for the quarter ended June 30, 2004 immediately after the financial markets close on Wednesday, July 21, 2004.
ALLETE Completes Successful Strategy With Sale of Remaining Florida Water Systems DULUTH, Minn - ALLETE, Inc. (NYSE: ALE) subsidiary Florida Water Services Corporation has completed the sale of its remaining 72 water and wastewater systems to Aqua America, Inc.
ALLETE Announces Redemption of $125 Million Senior Notes DULUTH, Minn.--ALLETE, Inc. (NYSE:ALE) today announced the redemption of all of its $125 million 7.8% Senior Notes due February 15, 2008. A notice of redemption is being sent to all registered holders of the notes.
ALLETE Announces Important Milestone Toward Planned Spin-off Of Automotive Services DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) today announced an important milestone toward the planned separation of ALLETE and ADESA, Inc. (NYSE: KAR). ADESA has agreed to issue 6,250,000 shares of its common stock at a
ALLETE Completes Sale of North Carolina Water Systems DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that it has completed the sale of its North Carolina-based water and wastewater systems, Heater Utilities, Inc., to Aqua America, Inc. (NYSE: WTR) for $48 million in cash and the assumption
Florida Water Services Agrees To Sell Remaining Systems DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has agreed to sell its remaining 72 water and wastewater systems to Aqua America, Inc. (NYSE: WTR) for $18 million.
ALLETE Declares Dividend on Common Stock DULUTH, Minn.-- ALLETE's (NYSE: ALE) board of directors has declared a quarterly dividend on the company's common stock. A dividend of 28.25 cents per share of common stock was declared by the board. On an annual basis the dividend is equivalent to $1.13 per
ALLETE First Quarter Net Income Climbs 19 Percent Over 2003 DULUTH, Minn.-- ALLETE, Inc. (NYSE:ALE) today reported first quarter 2004 earnings of 62 cents per share, compared with 54 cents per share in the first quarter of 2003. Net income for the quarter rose 19% to $52.5 million on revenue of