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Allete dividend set at 44 cents

Published 01/23/2009, Duluth News Tribune

Allete Inc. announced Thursday that it will boost the quarterly dividend paid to investors by one penny in 2009 to 44 cents per share. This equates to a 2.3 percent increase. The first of these larger dividends will be paid March 1 to common stock shareholders who were on record at the close of business Feb. 16, 2009.

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