ALLETE Board of Directors raises quarterly common stock dividend

Core Points - ALLETE, Inc. has announced a quarterly dividend increase to $0.705 per share, representing a 4.1% increase [1] - The annualized dividend is now $2.82 per share, reflecting the company's commitment to returning value to shareholders [1] - The dividend is payable on March 1, 2024, to shareholders of record as of February 15, 2024 [1] Company Overview - ALLETE, Inc. is an energy company based in Duluth, Minnesota, operating electric utilities such as Minnesota Power and Superior Water, Light and Power [2] - The company also owns ALLETE Clean Energy, BNI Energy, and New Energy Equity, and holds an 8% equity interest in the American Transmission Co [2]