ALE ALLETE Inc.

ALLETE Board of Directors Raises Quarterly Common Stock Dividend

DULUTH, Minn.--(BUSINESS WIRE)--

ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.73 per share, a 3.5 percent increase.

“This dividend increase reflects the ALLETE Board of Directors’ confidence in our growth outlook for ALLETE,” said ALLETE Chair, President and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders – adding to our track record of more than 75 consecutive years of dividends paid.”

On an annual basis the increased dividend is equivalent to $2.92 per share. The regular quarterly dividend is payable Mar. 1 to common shareholders of record at the close of business Feb. 14, 2025.

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.; New Energy Equity headquartered in Annapolis, MD, and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at . ALE-CORP

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are 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.

EN
30/01/2025

Underlying

ALEALLETE Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ALLETE Inc.

 PRESS RELEASE
Free
ALE ALLETE INC.

Wisconsin Regulators Approve Proposed ALLETE Transaction With Canada P...

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) announced that the Public Service Commission of Wisconsin (PSCW) today approved the company’s proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). “The PSCW’s decision brings us another step closer to completing this transaction for the benefit of our customers, our communities, and our employees after the resounding approval from our shareholders last year as well as the approval of the Federal Energy Regulatory Commission (FERC),” said ALLETE Chair, President, and ...

March 13, 2025 1 EN
 PRESS RELEASE
Free
ALE ALLETE INC.

ALLETE Names Jeff Scissons Chief Financial Officer

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) announced today that ALLETE Vice President and Corporate Treasurer Jeff Scissons has been promoted to chief financial officer. He succeeds Steven W. Morris, who recently announced his plan to retire in July. Scissons joined the company in 2013 and was promoted to ALLETE vice president and corporate treasurer in 2024 after serving in key strategic roles throughout his tenure. Over a dozen years at ALLETE, he led various strategic initiatives, including the acquisition of New Energy Equity and the divestiture of U.S. Water. He currently ...

March 11, 2025 1 EN
 PRESS RELEASE
Free
ALE ALLETE INC.

ALLETE, Inc. Reports 2024 Earnings

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2024 earnings of $3.10 per share on net income of $179.3 million and operating revenue of $1.5 billion. Reported results from 2023 were $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion. Results for 2024 reflect approximately 39 cents per share of transaction expenses related to the merger agreement entered into May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners. Earnings in 2024 were positively impacted by the implementation of interim rates on Ja...

February 13, 2025 1 EN
 PRESS RELEASE
Free
ALE ALLETE INC.

ALLETE Board of Directors Raises Quarterly Common Stock Dividend

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.73 per share, a 3.5 percent increase. “This dividend increase reflects the ALLETE Board of Directors’ confidence in our growth outlook for ALLETE,” said ALLETE Chair, President and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders – adding to our track record of more than 75 consecutive years of dividends paid.” On an annual basis the increased dividend is equivalent to $2.92 pe...

January 30, 2025 1 EN
 PRESS RELEASE
Free
ALE ALLETE INC.

ALLETE Senior Vice President & Chief Financial Officer Steven W. Morri...

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) announced today that Chief Financial Officer Steven W. Morris will retire later this year after a distinguished nearly 25-year career with the company. In the interim and as part of an orderly succession plan, Morris, 63, will remain with the company until July. Morris joined the Duluth-based company in 2001 and was promoted to Senior Vice President and Chief Financial Officer in Feb. 2022 after serving in numerous key strategic roles throughout his tenure. “Steve has been an integral member of the ALLETE team during his long career...

January 24, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch