ALRS Alerus Financial dividend history, payout ratio & dates
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 3.53%.
Key dates
- ALRS last dividend date: Sep 13, 2024
ALRS dividend stats
vs. Financial Services sector
Dividend yield
ALRS has a dividend yield of 3.53% 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 38% higher. The historical 5-year average of ALRS's dividend yield is 2.9%, which is less than the current one.
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 5% for the last year. But since the stock price has gone up by 20% from a year ago, the dividend yield has decreased by 12%.
Recent dividends
| 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% |
Alerus Financial dividend payout ratio
Payout ratio
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%, Alerus Financial's payout ratio is 943% 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 | 5.99% | $2.24 | 83.9% |
| FIBK First Interstate Bancsystem Inc | 5.47% | $1.88 | 82.5% |
| COLB Columbia Banking System Inc | 4.55% | $1.44 | 61.8% |
| ALRS Alerus Financial Corp | 3.53% | $0.78 | 458.8% |
| CAC Camden National Corp | 3.5% | $1.68 | 52.2% |
| SFNC Simmons First National Corp | 3.34% | $0.83 | 80.6% |
| BHB Bar Harbor Bankshares | 3.28% | $1.18 | 42.4% |
| FULT Fulton Financial Corp | 3.15% | $0.68 | 42.5% |
| GBCI Glacier Bancorp Inc | 2.26% | $1.32 | 81.5% |
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 Sep 13, 2024. The dividend amount was $0.2 per share.
How much dividend does Alerus Financial pay (per share)?
On an annual basis ALRS pays $0.78 per share.
What is Alerus Financial's dividend yield?
Currently Alerus Financial's dividend yield is 3.53%.
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 458.8%.
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. Data from 
and Sharadar.