DIVIDEND ANNOUNCEMENT: Allete Inc (NYSE:ALE) on 04/28/2022 declared a dividend of $0.6500 per share

Allete Inc (NYSE:ALE) on 04/28/2022 declared a dividend of $ 0.6500 per share payable on June 01, 2022 to shareholders of record as of May 16, 2022.

Allete Inc (NYSE:ALE) has paid dividends since 1945, has a current dividend yield of 4.2868919373% and has increased its dividends for 11 successive years.

Allete Inc's market cap is $ 3,229,248,600 and has a PE ratio of 18.78. The stock price closed yesterday at $ 60.65 and has a 52 week low/high of $ 56.84 and $ 73.10.

Allete is an energy company. Co.'s Regulated Operations includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. Co.'s subsidiary, ALLETE Clean Energy, Inc. focuses on developing, acquiring, and operating clean and renewable energy projects. Co.'s subsidiary, U.S. Water Services, Inc. provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solutions to reduce water and energy usage.

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