Allete board of directors declares dividend on common stock

Duluth, minn.--(business wire)--the allete, inc. (nyse:ale) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. on an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter. the regular quarterly dividend is payable september 1 to common stock shareholders of record at the close of business august 15, 2023. allete, inc. is an energy company headquartered in duluth, minnesota. in addition to its electric utiliti.
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