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Alerus Financial (ALRS) Dividend Yield, Date & History

Alerus Financial logo
$20.23 -1.20 (-5.60%)
(As of 05:26 PM ET)

Alerus Financial Dividend Summary

Dividend Yield
3.95%
Annual Dividend
$0.80
Next
Dividend Payment
Jan. 17
Dividend Increase
Track Record
21 Years
Annualized 3-Year
Dividend Growth
7.72%
Dividend Payout Ratio
500.00%

Alerus Financial (ALRS) pays an annual dividend of $0.80 per share, with a dividend yield of 3.95%. The next quarterly payment of $0.20 per share is scheduled for Friday, January 17, to investors who own the stock before the ex-dividend date of Friday, December 27. ALRS has grown its dividend for 21 consecutive years, with an average annual increase of 2.51%. The company currently pays out 500.00% of its earnings and 41.29% of its cash flow as dividends.

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ALRS Dividend Payments by Quarter

The chart below displays up to four years of Alerus Financial's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

ALRS Dividend Yield Over Time

The chart below tracks Alerus Financial's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Alerus Financial vs. The Competition

Compare Alerus Financial's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeAlerus FinancialFinance CompaniesNASDAQ Companies
Annual Dividend$0.80$0.02$1.32
Dividend Yield3.70%10.36%4.06%
Annualized 3-Year Dividend Growth7.72%12.89%14.22%
Track Record21 years17 years19 years

Alerus Financial Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings500.00%
Based on This Year's Estimate82.47%
Based on Next Year's Estimate40.40%
Based on Cashflow38.63%

Alerus Financial Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/11/2024quarterly$0.20 - 3.7%12/27/202412/27/20241/17/2025
8/20/2024Quarterly$0.20 - 3.72%9/13/20249/13/202410/11/2024
5/21/2024Quarterly$0.20+$0.01
5.26%
4.1%6/14/20246/14/20247/15/2024
2/27/2024Quarterly$0.19 - 3.48%3/14/20243/15/20244/12/2024
12/14/2023Quarterly$0.19 - 3.37%12/26/202312/27/20231/12/2024
8/23/2023Quarterly$0.19 - 4.08%9/14/20239/15/202310/13/2023
5/10/2023Quarterly$0.19+$0.01
5.56%
5.52%6/14/20236/15/20237/14/2023
2/21/2023Quarterly$0.18 - 3.61%3/14/20233/15/20234/14/2023

This table shows Alerus Financial's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Alerus Financial Dividend - Frequently Asked Questions

The current dividend yield for Alerus Financial is 3.70%. Learn more on ALRS's dividend yield history.

The annual dividend for ALRS shares is $0.80. Learn more on ALRS's annual dividend history.

Alerus Financial pays quarterly dividends to shareholders.

Alerus Financial's next quarterly dividend payment of $0.20 per share will be made to shareholders on Friday, January 17, 2025.

Alerus Financial's most recent quarterly dividend payment of $0.20 per share was made to shareholders on Friday, October 11, 2024.

Alerus Financial's next ex-dividend date is Friday, December 27, 2024.

Alerus Financial's most recent ex-dividend date was Friday, September 13, 2024.

Over the past three years, the company's dividend has grown by an average of 7.72% per year.

Alerus Financial has increased its dividend for the past 21 consecutive years.

The most recent change in the company's dividend was an increase of $0.01 on Tuesday, May 21, 2024.

The dividend payout ratio for ALRS is:
  • 500.00% based on the trailing year of earnings
  • 82.47% based on this year's estimates
  • 40.40% based on next year's estimates
  • 38.63% based on cash flow

Alerus Financial's dividend yield of 3.63% is lower than the average Finance company that issues a dividend. The company's 21 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Alerus Financial's dividend payout ratio of 500.00% may not be sustainable. However, based on earnings estimates, ALRS will have a more sustainable dividend payout ratio of 40.40% next year.

Looking at the stock as a whole, market analysts rate Alerus Financial stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NASDAQ:ALRS) was last updated on 12/18/2024 by MarketBeat.com Staff
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