Duluth-based Allete to issue stock dividendAllete Inc. announced it will issue a 46 cents per share dividend on its common stock next month.
By: News Tribune staff, Duluth News Tribune
Allete Inc. announced it will issue a 46 cents per share dividend on its common stock next month.
The public corporation’s board of directors declared the dividend, which, on an annual basis, is equivalent to $1.84 per share, unchanged from the previous quarter.
The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 15.
Allete Inc., a Duluth-based energy company, owns Minnesota Power, Superior Water, Light & Power Co., BNI Coal and Allete Clean Energy.