Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services. The company also provides commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; installment loans and lines of credit; and second mortgage loans. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services through fourteen offices in North Dakota, Minnesota, and Arizona; and retirement and benefit plans in 50 states through offices located in Michigan, Minnesota, and Colorado. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.
Alerus Financial Dividend Announcement
• Alerus Financial announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-13
• Alerus Financial annual dividend for 2024 was $0.59
• Alerus Financial annual dividend for 2023 was $0.75
• Alerus Financial's trailing twelve-month (TTM) dividend yield is 4.88%
• Alerus Financial's payout ratio for the trailing twelve months (TTM) is 486.26%
• Alerus Financial's dividend growth over the last five years (2018-2023) was 7.19% year
• Alerus Financial's dividend growth over the last ten years (2013-2023) was -3.03% year
Alerus Financial Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-13 | $0.20 | quarterly | 2024-10-11 |
| 2024-06-14 | $0.20 | quarterly | 2024-07-15 |
| 2024-03-14 | $0.19 | quarterly | 2024-04-12 |
| 2023-12-26 | $0.19 | quarterly | 2024-01-12 |
| 2023-09-14 | $0.19 | quarterly | 2023-10-13 |
| 2023-06-14 | $0.19 | quarterly | 2023-07-14 |
| 2023-03-14 | $0.18 | quarterly | 2023-04-14 |
| 2022-12-22 | $0.18 | quarterly | 2023-01-13 |
| 2022-09-29 | $0.18 | quarterly | 2022-10-14 |
| 2022-06-16 | $0.18 | quarterly | 2022-07-08 |
| 2022-03-17 | $0.16 | quarterly | 2022-04-08 |
| 2021-12-22 | $0.16 | quarterly | 2022-01-14 |
| 2021-09-16 | $0.16 | quarterly | 2021-10-08 |
| 2021-06-17 | $0.16 | quarterly | 2021-07-09 |
| 2021-03-18 | $0.15 | quarterly | 2021-04-09 |
| 2020-12-17 | $0.15 | quarterly | 2021-01-08 |
| 2020-09-17 | $0.15 | quarterly | 2020-10-09 |
| 2020-06-12 | $0.15 | quarterly | 2020-07-10 |
| 2020-03-19 | $0.15 | quarterly | 2020-04-10 |
| 2019-12-19 | $0.15 | quarterly | 2020-01-10 |
| 2019-09-19 | $0.14 | quarterly | 2019-10-11 |
| 2019-06-20 | $0.14 | quarterly | 2019-07-12 |
| 2019-03-21 | $0.14 | quarterly | 2019-04-12 |
| 2018-12-20 | $0.14 | quarterly | 2019-01-11 |
| 2018-09-20 | $0.13 | quarterly | 2018-10-12 |
| 2018-06-21 | $0.13 | quarterly | 2018-07-13 |
| 2018-03-22 | $0.13 | quarterly | 2018-04-13 |
| 2017-12-21 | $0.12 | quarterly | 2018-01-12 |
| 2017-09-21 | $0.12 | quarterly | 2017-10-13 |
| 2017-06-21 | $0.12 | quarterly | 2017-07-14 |
| 2017-03-22 | $0.12 | quarterly | 2017-04-14 |
| 2016-12-21 | $0.11 | quarterly | 2017-01-13 |
| 2016-09-21 | $0.11 | quarterly | 2016-10-14 |
| 2016-06-15 | $0.11 | quarterly | 2016-07-08 |
| 2016-03-16 | $0.11 | quarterly | 2016-04-08 |
| 2015-12-16 | $0.11 | quarterly | 2016-01-08 |
| 2015-09-16 | $0.11 | quarterly | 2015-10-09 |
| 2015-06-17 | $0.10 | quarterly | 2015-07-10 |
| 2015-03-18 | $0.10 | quarterly | 2015-04-10 |
| 2014-12-17 | $0.10 | quarterly | 2015-01-09 |
| 2014-09-18 | $0.10 | quarterly | 2014-10-10 |
| 2014-06-18 | $0.28 | quarterly | 2014-07-11 |
| 2014-03-19 | $0.27 | quarterly | 2014-04-11 |
| 2013-12-18 | $0.26 | quarterly | 2014-01-10 |
| 2013-09-18 | $0.26 | quarterly | 2013-10-11 |
| 2013-06-19 | $0.25 | quarterly | 2013-07-12 |
| 2013-03-20 | $0.25 | quarterly | 2013-04-12 |
Alerus Financial Dividend per year
Alerus Financial Dividend growth
Alerus Financial Dividend Yield
Alerus Financial current trailing twelve-month (TTM) dividend yield is 4.88%. Interested in purchasing Alerus Financial stock? Use our calculator to estimate your expected dividend yield:
Alerus Financial Financial Ratios
P/E ratio128.47
PEG ratio3.35
P/B ratio1.03
ROE0.82%
Payout ratio486.26%
Current ratio0.03
Quick ratio0.06
Cash Ratio0.02
Alerus Financial Dividend FAQ
How much is the next Alerus Financial dividend?
Alerus Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Alerus Financial dividend. The next Alerus Financial dividend will be released in March, June, September, or December.
When is Alerus Financial dividend paid?
Alerus Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Alerus Financial pay?
The specific amount of Alerus Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Alerus Financial's dividend history.
Does Alerus Financial stock pay dividends?
Yes, Alerus Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Alerus Financial's dividend history.
How much dividend does Alerus Financial pay?
Alerus Financial paid $0.59 in 2024, $0.75 in 2023, $0.7 in 2022, $0.63 in 2021, and $0.6 in 2020.
How often does Alerus Financial pay dividends?
Alerus Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Alerus Financial's dividend yield?
The current dividend yield for Alerus Financial is 4.88%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Alerus Financial's exact dividend yield.
When does Alerus Financial go ex dividend?
Alerus Financial's ex-dividend date for the latest dividend was on 2024-09-13. Alerus Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Alerus Financial dividend paid?
Alerus Financial pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Alerus Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Alerus Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Alerus Financial dividend per share?
Alerus Financial paid $0.59 per share in 2024 and $0.75 per share in 2023. The amount of dividend per share that Alerus Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Alerus Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Alerus Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Alerus Financial a dividend stock?
Yes, Alerus Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Alerus Financial a good dividend stock?
Whether Alerus Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Alerus Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Alerus Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Alerus Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Alerus Financial pay dividends monthly?
Alerus Financial typically pays dividends on a quarterly basis.
Does Alerus Financial pay dividends quarterly?
Alerus Financial currently pays dividends on a quarterly basis.
Has Alerus Financial ever paid a dividend?
Yes, Alerus Financial has a history of paying dividends to its shareholders. Alerus Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Alerus Financial dividend stocks?
To buy Alerus Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Alerus Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Alerus Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Alerus Financial pay dividends 2024?
Alerus Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-11. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Alerus Financial increase its dividend in 2024?
Decisions regarding Alerus Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Alerus Financial dividend overview you can look into the above table of dividend history.
How Alerus Financial dividend works?
The Alerus Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Alerus Financial's dividend process works:
1. Determination of Dividend: Alerus Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Alerus Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Alerus Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Alerus Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Alerus Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Alerus Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Alerus Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Alerus Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Alerus Financial dividends paid?
Alerus Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Alerus Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Alerus Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Alerus Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Alerus Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Alerus Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Alerus Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Alerus Financial pay dividends?
Alerus Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Alerus Financial pay dividends?
The general pattern is that Alerus Financial pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Alerus Financial dividend safe?
The safety of Alerus Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Alerus Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Alerus Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Alerus Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Alerus Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.