Alerus Financial Announces Quarterly Dividend

The bank's dividend payout will be $0.21 per share on April 10th.

Feb. 27, 2026 at 5:56pm

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Alerus Financial (NASDAQ:ALRS) has declared a quarterly dividend of $0.21 per share, payable on April 10th to shareholders of record on March 27th. This represents a 3.5% dividend yield on an annualized basis. The company has raised its dividend for 25 consecutive years, with an average annual increase of 0.1% over the last three years.

Why it matters

Alerus Financial's consistent dividend payouts and increases demonstrate the bank's financial stability and commitment to shareholder returns, which is important for investors considering the stock.

The details

Alerus Financial has a payout ratio of 35.6%, indicating its dividend is well-covered by earnings. Analysts expect the company to earn $2.43 per share next year, which would result in a future payout ratio of 34.6%.

  • The dividend will be paid on April 10, 2026.
  • The ex-dividend date is March 27, 2026.

The players

Alerus Financial

A diversified financial services company headquartered in Grand Forks, North Dakota that provides commercial and consumer banking products, mortgage origination and servicing, and other financial services.

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The takeaway

Alerus Financial's consistent dividend increases and strong earnings coverage demonstrate the bank's financial health and commitment to shareholder value, which could make the stock attractive to income-oriented investors.