“ALLETE’s board is confident with this dividend increase given our growth outlook for ALLETE,” said ALLETE Chair, President, and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders, and this adds to our track record of over 72 consecutive years of dividends paid.”
On an annual basis, the increased dividend is equivalent to $2.60 per share. The regular quarterly dividend is payable on Mar. 1 to common shareholders of record at the close of business on Feb. 15, 2022.
ALLETE Inc. 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, based in Bismarck, N.D.; 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 is 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.