Alerus Financial's most recent dividend of $0.2 per share was on Sep 13, 2024 (ex-date). The annualized payout of $0.78 per share represents a current dividend yield of 3.94%.
ALRS has a dividend yield of 3.94% 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 2.82%, Alerus Financial's dividend yield is 40% higher. The historical 5-year average of ALRS's dividend yield is 3.0%, 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 12% from a year ago, the dividend yield has increased by 20%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
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 458.8% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 44.2%, Alerus Financial's payout ratio is 938% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
WASH Washington Trust Bancorp Inc | 7.05% | $2.24 | 83.9% |
FIBK First Interstate Bancsystem Inc | 5.74% | $1.88 | 82.5% |
COLB Columbia Banking System Inc | 5.22% | $1.44 | 61.8% |
ALRS Alerus Financial Corp | 3.96% | $0.78 | 458.8% |
CAC Camden National Corp | 3.91% | $1.68 | 52.2% |
BHB Bar Harbor Bankshares | 3.78% | $1.18 | 42.4% |
SFNC Simmons First National Corp | 3.73% | $0.84 | 81.6% |
FULT Fulton Financial Corp | 3.42% | $0.68 | 42.5% |
GBCI Glacier Bancorp Inc | 2.59% | $1.32 | 81.5% |
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 Sep 13, 2024. The dividend amount was $0.2 per share.
On an annual basis ALRS pays $0.78 per share.
Currently Alerus Financial's dividend yield is 3.94%.
Alerus Financial has a quarterly dividend frequency.
The dividend payout ratio of Alerus Financial is 458.8%.
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.