DIVIDEND ANNOUNCEMENT: Allete Inc (NYSE:ALE) on 01/26/2024 declared a dividend of $0.7050 per share

Allete Inc (NYSE:ALE) on 01/26/2024 declared a dividend of $ 0.7050 per share payable on March 01, 2024 to shareholders of record as of February 15, 2024. Dividend amount recorded is an increase of $ 0.0275 from last dividend Paid.

Allete Inc (NYSE:ALE) has paid dividends since 1945, has a current dividend yield of 4.5592193604% and has increased its dividends for 13 successive years.

Allete Inc's market cap is $ 3,416,432,880 and has a PE ratio of 13.79. The stock price closed yesterday at $ 59.44 and has a 52 week low/high of $ 49.29 and $ 66.69.

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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