ALRS
Alerus Financial
dividend history, payout ratio & dates
- Stocks
- Financial Services
- NASDAQ: ALRS
- Dividend
Last dividend date: Jun 26, 2026
Dividend yield: 2.73%
Payout ratio: 79.4%
Alerus Financial's most recent dividend of $0.22 per share was on Jun 26, 2026 (ex-date). The annualized payout of $0.85 per share represents a current dividend yield of 2.73%. The latest ALRS distribution of $0.22 marks a dividend growth of 4.8%.
ALRS dividend stats
vs. Financial Services sector
Alerus Financial Dividend yield
ALRS has a dividend yield of 2.73% 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 2.55%, Alerus Financial's dividend yield is 7% higher. The historical 5-year average of ALRS's dividend yield is 3.4%, which is more than the current one.
ALRS Dividend history
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 4.9% for the last year. But since the stock price has gone up by 36% from a year ago, the dividend yield has decreased by 23%.
Alerus Financial Dividend history chart
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Jun 26, 2026 | $0.22 | 2.76% |
| Mar 27, 2026 | $0.21 | 3.56% |
| Dec 26, 2025 | $0.21 | 3.81% |
| Sep 26, 2025 | $0.21 | 3.63% |
| Jun 27, 2025 | $0.21 | 3.69% |
| 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% |
Alerus Financial dividend payout ratio
Payout ratio
ALRS has a payout ratio of 79.4% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 33.9%, Alerus Financial's payout ratio is 134% higher.
Total amount of dividends paid per financial year (from cash flow)
ALRS dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WASH Washington Trust Bancorp Inc | 6.3% | $2.24 | 81.5% |
| FIBK First Interstate Bancsystem Inc | 4.8% | $1.88 | 61.2% |
| COLB Columbia Banking System Inc | 4.63% | $1.47 | 57.2% |
| SFNC Simmons First National Corp | 3.74% | $0.86 | N/A |
| BHB Bar Harbor Bankshares | 3.45% | $1.3 | 52.6% |
| FULT Fulton Financial Corp | 3.11% | $0.75 | 35.5% |
| CAC Camden National Corp | 3.08% | $1.68 | 35.6% |
| ALRS Alerus Financial Corp | 2.73% | $0.85 | 79.4% |
| GBCI Glacier Bancorp Inc | 2.55% | $1.32 | 61.7% |
Frequently asked questions
Does Alerus Financial pay a dividend?
Yes, Alerus Financial has paid four dividends in the last 12 months. ALRS has been paying dividends since 2019.
When was ALRS's last dividend?
Alerus Financial's last dividend ex-date was on Jun 26, 2026. The dividend amount was $0.22 per share.
How much dividend does Alerus Financial pay (per share)?
On an annual basis ALRS pays $0.85 per share.
What is Alerus Financial's dividend yield?
Currently Alerus Financial's dividend yield is 2.73%.
How often does Alerus Financial pay dividends?
Alerus Financial has a quarterly dividend frequency.
What is Alerus Financial's dividend payout ratio?
The dividend payout ratio of Alerus Financial is 79.4%.
Does Alerus Financial pay a good dividend?
Alerus Financial's dividend yield is more than the Financial Services sector average.
Special dividends are included in TTM DPS and yield.