ALLETE Inc., the Minnesota-based company building a large wind farm operation near Ardmore in southern Oklahoma reported a quarterly dividend was declared this week by its board of directors.
The dividend amounted to 61.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.47 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 14, 2020.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy, based in Bismarck, N.D.; and has an 8 percent equity interest in the American Transmission Co.