Minnesota Power Declares Regular Quarterly Dividends on Common and Preferred Stock

Minnesota Power, a diversified energy company headquartered in Duluth, Minnesota, has declared regular quarterly dividends on its outstanding common and preferred stock. The company's board of directors has maintained the dividend on common stock at 51 cents per share, unchanged from the previous quarter. This annual dividend translates to $2.04 per share. With approximately 27,000 registered shareholders owning 31 million shares of common stock, Minnesota Power has a long history of paying cash dividends dating back to 1948.

Key Takeaways:

• The dividend on common stock remains unchanged at 51 cents per share, representing an annual dividend of $2.04 per share.
• The dividend on preferred stock was also declared by the company directors, with payment to shareholders of record at the close of business on September 15.
• Minnesota Power has maintained a consistent record of paying cash dividends since 1948, highlighting its commitment to shareholder value.
• The company has approximately 27,000 registered shareholders owning 31 million shares of common stock.
• Minnesota Power's common stock is traded on the New York Stock Exchange under the symbol MPL.

Statistics:

• $2.04: Annual dividend per share on common stock based on 51 cents quarterly dividend.
• 51 cents: Quarterly dividend on common stock.
• $2.04: Annual dividend on common stock.
• 27,000: Number of registered shareholders of the company.
• 31 million: Total shares of common stock owned by registered shareholders.
• 1948: Year Minnesota Power began paying cash dividends.
• 218-723-3934: Phone number for Warren F. Hudelson, contact person at Minnesota Power.

Sources:

• PRNewswire, July 26, /PRNewswire/: Regular quarterly dividends on outstanding common and preferred stock declared by the directors of Minnesota Power (SIC).
• New York Stock Exchange, MPL stock listing: Common Stock - MPL.