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ALLETE Board of Directors Declares Stub Period Dividend on Common Stock
Businesswire· 2025-12-15 11:40
Group 1 - The board of directors of ALLETE, Inc. declared a "stub period" dividend of $0.008 per share, contingent upon the completion of the merger with Canada Pension Plan Investment Board and Global Infrastructure Partners [1] - The record date for the stub period dividend is set for October 16, 2025, and it is payable to all holders of Company common stock who retain their shares until the transaction closes [2] - The payment date for the stub period dividend will be the fifth business day following the closing of the merger transaction [2] Group 2 - ALLETE, Inc. is an energy company based in Duluth, Minnesota, operating electric utilities such as Minnesota Power and Superior Water, Light and Power of Wisconsin [3] - The company also owns ALLETE Clean Energy, BNI Energy, and New Energy Equity, and holds an 8% equity interest in the American Transmission Co [3]
Southern Company (NYSE:SO) Maintains "Buy" Rating Amidst Growth and Market Volatility
Financial Modeling Prep· 2025-12-11 19:06
Core Viewpoint - Southern Company is a leading energy provider in the U.S., maintaining a competitive position with a "Buy" rating and a price target increase, reflecting optimism about its future performance [1][2][6] Financial Performance - Southern Company has a market capitalization of approximately $92.44 billion and a trading volume of 5,409,252 shares, with stock prices fluctuating between $83.82 and $85.38 [5] - The company offers a dividend yield of 3.5%, making it attractive to income-focused investors [3][6] - In the third quarter, Southern Company exceeded expectations due to strong demand from data centers and regional economic growth [3][6] Strategic Focus - The company's revenue structure is evolving, with long-term sales growth supported by contracts with industrial and data center clients, positioning it for sustained growth [4][6] - Southern Company's strategic focus on high-demand sectors, such as industrial and data centers, enhances its ability to adapt to changing market conditions [3][4][6] Market Position - Southern Company operates in a competitive landscape with key rivals like Duke Energy and NextEra Energy [1] - Despite a recent decrease of 1.68%, the company's strong fundamentals and strategic initiatives continue to drive investor interest [5]