DIVIDEND ANNOUNCEMENT: Allete Inc (NYSE:ALE) on 01/31/2020 declared a dividend of $0.6175 per share

Allete Inc (NYSE:ALE) on 01/31/2020 declared a dividend of $ 0.6175 per share payable on March 01, 2020 to shareholders of record as of February 14, 2020. Dividend amount recorded is an increase of $ 0.03 from last dividend Paid.

Allete Inc (NYSE:ALE) has paid dividends since 1945, has a current dividend yield of 2.9362814426% and has increased its dividends for 9 successive years.

Allete Inc's market cap is $ 4,346,312,160 and has a PE ratio of 22.02. The stock price closed yesterday at $ 84.12 and has a 52 week low/high of $ 74.54 and $ 88.60.

Allete is an energy company. Co.'s segments are: Regulated Operations, which include its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC; ALLETE Clean Energy, Inc., which focuses on developing, acquiring, and operating renewable energy projects; and U.S. Water Services Holding Company, which provides integrated water management for industry by combining chemical, equipment, engineering and service. Co.'s Corporate and Other is comprised of BNI Energy, Inc., Co.'s coal mining operations in North Dakota, and Co.'s investment in Nobles 2, ALLETE Properties, LLC, Co.'s Florida real estate investment.

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