Allete Raises Quarterly Dividend by 3.5%

Dow Jones

2025/01/30

By Colin Kellaher

Allete's board has raised the energy company's quarterly dividend by 3.5%, to 73 cents a share from 70.5 cents.

The new payout, equal to $2.92 a year, represents an annual yield of about 4.47% based on Wednesday's closing price of $65.35, up from 4.32%.

The Duluth, Minn., company on Thursday said the increased dividend is payable March 1 to shareholders of record Feb. 14.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 30, 2025 07:42 ET (12:42 GMT)

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