Alerus Financial Announces Quarterly Dividend

The company will pay a $0.21 per share dividend to shareholders of record on March 27.

Published on Feb. 27, 2026

Got story updates? Submit your updates here. ›

Alerus Financial (NASDAQ:ALRS), a diversified financial services company headquartered in Grand Forks, North Dakota, announced that it will pay a quarterly dividend of $0.21 per share on April 10. The dividend will be paid to shareholders of record as of March 27.

Why it matters

Alerus Financial has a history of consistently increasing its dividend, having raised it annually for the past 25 consecutive years. The dividend payout ratio of 35.6% indicates the company has ample earnings to cover the dividend payment.

The details

The ex-dividend date for the $0.21 per share dividend is March 27. Alerus Financial has a current dividend yield of 3.5% based on its stock price. The company's earnings per share are expected to reach $2.43 next year, which would result in a payout ratio of 34.6%.

  • The quarterly dividend will be paid on April 10, 2026.
  • The record date for the dividend 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.

Got photos? Submit your photos here. ›

What’s next

Alerus Financial's stock will trade ex-dividend on March 26, 2026, one business day before the record date.

The takeaway

Alerus Financial's consistent dividend increases and sustainable payout ratio demonstrate the company's financial strength and commitment to returning value to shareholders.