Allete raises quarterly dividend

The ALLETE, Inc. (NYSE:ALE) Board of Directors has increased the quarterly dividend on the company’s common stock to 53.5 cents per share, an increase of 3 percent. 

“This increase is supported by ALLETE’s solid financial position and continues our long history of returning value to shareholders,” said ALLETE Chairman, CEO and President Al Hodnik. “ALLETE’s Board of Directors is committed to a sustainable dividend that allows for future increases.”

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