Allete increases dividend 4.2% to 67.75c

ALLETE announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 67.75c per share, a 4.2% increase. On an annual basis the increased dividend is equivalent to $2.71 per share. The regular quarterly dividend is payable Mar. 1 to common shareholders of record at the close of business Feb. 15.