DULUTH, Minn.--(BUSINESS WIRE)--Oct. 25, 2018--
The ALLETE Inc. (NYSE:ALE) board of directors has declared a quarterly
dividend of 56 cents per share of common stock.
On an annual basis the dividend is equivalent to $2.24 per share,
unchanged from the previous quarter.
The regular quarterly dividend is payable December 1 to common stock
shareholders of record at the close of business November 15, 2018.
ALLETE is an energy company headquartered in Duluth, Minnesota. In
addition to its electric utilities, Minnesota Power and Superior Water,
Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in
Duluth, BNI Energy in Bismarck, North Dakota, U.S. Water Services
headquartered in St. Michael, Minnesota, and has an 8 percent equity
interest in the American Transmission Co. More information about ALLETE
is available at www.allete.com.
ALE-CORP
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. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181025005087/en/
Source: ALLETE Inc.
ALLETE Inc.
InvestorContact:
Vince
Meyer, 218-723-3952
vmeyer@allete.com