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ALLETE Board of Directors Declares Dividend on Common Stock

1. ALLETE declared a quarterly dividend of 73 cents per share. 2. Annual dividend is unchanged at $2.92 per share.

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FAQ

Why Bullish?

Stable dividends indicate financial health and attract income-focused investors, similar to previous announcements that boosted ALE's price.

How important is it?

The announcement of dividends typically impacts investor sentiment positively, signaling stability in the company.

Why Short Term?

Immediate investor reactions may drive short-term price increases following the dividend announcement, akin to past quarterly dividends.

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XELDUKED
DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 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, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minneso.

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