Alerus Financial's most recent dividend of $0.2 per share was on Mar 14, 2025 (ex-date). The annualized payout of $0.8 per share represents a current dividend yield of 4.37%.
ALRS has a dividend yield of 4.37% which is higher than the Financial Services sector and the industry average but lower than its peers average. If we compare it with the Financial Services sector average of 3.09%, Alerus Financial's dividend yield is 41% higher. The historical 5-year average of ALRS's dividend yield is 3.1%, which is less than the current one.
Alerus Financial has a history of paying dividends since 2019. Our records of ALRS show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 5% for the last year. And since the stock price has gone down by 16% from a year ago, the dividend yield has increased by 26%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Mar 14, 2025 | $0.2 | 4.37% |
Dec 27, 2024 | $0.2 | 4.11% |
Sep 13, 2024 | $0.2 | 3.62% |
Jun 14, 2024 | $0.2 | 4.19% |
Mar 14, 2024 | $0.19 | 3.55% |
Dec 26, 2023 | $0.19 | 3.3% |
Sep 14, 2023 | $0.19 | 3.9% |
Jun 14, 2023 | $0.19 | 4.09% |
Mar 14, 2023 | $0.18 | 4.38% |
Dec 22, 2022 | $0.18 | 3.03% |
Sep 29, 2022 | $0.18 | 3.08% |
Jun 16, 2022 | $0.18 | 2.87% |
Mar 17, 2022 | $0.16 | 2.19% |
Dec 22, 2021 | $0.16 | 2.18% |
Sep 16, 2021 | $0.16 | 2.23% |
Jun 17, 2021 | $0.16 | 1.93% |
Mar 18, 2021 | $0.15 | 1.81% |
Dec 17, 2020 | $0.15 | 2.17% |
Sep 17, 2020 | $0.15 | 2.71% |
Jun 12, 2020 | $0.15 | 2.92% |
Mar 19, 2020 | $0.15 | 2.74% |
Dec 19, 2019 | $0.15 | 1.25% |
Sep 19, 2019 | $0.14 | 0.64% |
ALRS has a payout ratio of 95.2% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 43.7%, Alerus Financial's payout ratio is 118% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
WASH Washington Trust Bancorp Inc | 7.24% | $2.24 | N/A |
FIBK First Interstate Bancsystem Inc | 6.55% | $1.88 | 85.8% |
COLB Columbia Banking System Inc | 5.77% | $1.44 | 56.3% |
ALRS Alerus Financial Corp | 4.33% | $0.8 | 95.2% |
CAC Camden National Corp | 4.15% | $1.68 | 46.3% |
SFNC Simmons First National Corp | 4.11% | $0.84 | 69.1% |
BHB Bar Harbor Bankshares | 4.05% | $1.2 | 42% |
FULT Fulton Financial Corp | 3.82% | $0.69 | 43.4% |
GBCI Glacier Bancorp Inc | 2.99% | $1.32 | 78.6% |
Yes, Alerus Financial has paid four dividends in the last 12 months. ALRS has been paying dividends since 2019.
Alerus Financial's last dividend ex-date was on Mar 14, 2025. The dividend amount was $0.2 per share.
On an annual basis ALRS pays $0.8 per share.
Currently Alerus Financial's dividend yield is 4.37%.
Alerus Financial has a quarterly dividend frequency.
The dividend payout ratio of Alerus Financial is 95.2%.
Alerus Financial's dividend yield is more than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.