DIVIDEND ANNOUNCEMENT: Allete Inc (NYSE:ALE) on 10/27/2023 declared a dividend of $0.6775 per share

Allete Inc (NYSE:ALE) on 10/27/2023 declared a dividend of $ 0.6775 per share payable on December 01, 2023 to shareholders of record as of November 15, 2023.

Allete Inc (NYSE:ALE) has paid dividends since 1945, has a current dividend yield of 5.0390481949% and has increased its dividends for 12 successive years.

Allete Inc's market cap is $ 3,086,864,440 and has a PE ratio of 15.77. The stock price closed yesterday at $ 53.78 and has a 52 week low/high of $ 49.29 and $ 67.45.

Allete is an energy company. Regulated Operations includes Co.'s regulated utilities, its Minnesota Power division and Superior Water, Light and Power Company (SWL&P), 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. Minnesota Power provides regulated utility electric service in northeastern Minnesota. SWL&P provides regulated utility electric, natural gas and water service in northwestern Wisconsin. Co.'s regulated utility operations include retail and wholesale activities under the jurisdiction of state and federal regulatory authorities.

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