Allete hikes dividend by 3.2% Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Allete	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Allete	ALE	N/A	N/A	N/A	N/A
N/A	N/A	N/A	N/A	N/A	N/A

Allete hikes dividend by 3.2%

Thursday 30 January 2014

ALLETE, Inc. (ALE) will raise its quarterly dividend by 3.2 percent to $0.49 per share in 2014. This follows similar dividend increases of 3.3 percent (2013) and 3.4 percent (2012) in the previous two years by the utility company.

ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, U.S. Water Services headquartered in St. Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co.

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