ALLETE Inc. board of directors declared a quarterly dividend of 47.5 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.90 per share, unchanged from the previous quarter.
The regular quarterly dividend is payable Sept. 1 to common stock shareholders of record at the close of business Aug. 15.
ALLETE Inc. is an energy company headquartered in Duluth. ALLETE’s energy businesses include Minnesota Power, Superior Water, Light & Power Co., BNI Coal, and ALLETE Clean Energy. More information is available at www.allete.com.