Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend of $0.18 per Class B nonvoting common share, payable on August 1, 2022, to shareholders of record by July 25, 2022. This dividend matches the amount from the previous quarter. Additionally, a dividend of $27.00 per Class A voting common share will also be paid on the same date, although these shares are not publicly traded. Alpine Banks operates as a $6.2 billion employee-owned organization with a robust customer base in Colorado.

Positive

• Quarterly cash dividend of $0.18 per Class B nonvoting common share and $27.00 per Class A voting common share reflects consistent returns for shareholders.
• Stable dividends indicate financial stability and confidence in ongoing business performance.

Negative

• None.

Glenwood Springs, Colo, July 14, 2022 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.18 per Class B nonvoting common share will be paid on August 1, 2022, to shareholders of record at the close of business on July 25, 2022. Per the Articles of Incorporation, dividends on the Class B nonvoting common stock shall be declared by the Board of Directors equal to one-one-hundred-fiftieth (1/150th) of the amount per share declared by the Board of Directors for each share of Class A voting common stock. Alpine Banks of Colorado Class B nonvoting common shares are publicly traded on the OTCQX® Best Market under the symbol ALPIB.

Additionally, a quarterly cash dividend of $27.00 per Class A voting common share will be paid on August 1, 2022, to shareholders of record at the close of business on July 25, 2022. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $27.00 per Class A voting common share and $0.18 per Class B nonvoting common share is unchanged from the dividend paid in the previous quarter.

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About Alpine Banks of Colorado

Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.2 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado, Alpine Bank employs more than 790 people and serves more than 160,000 customers with personal, business, wealth management*, mortgage and electronic banking services. Learn more at www.alpinebank.com. Shares of the Class B Nonvoting Common Stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market.

 *Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

FAQ

What is the dividend amount for ALPIB in August 2022?

The dividend amount for Alpine Banks of Colorado (ALPIB) is $0.18 per Class B nonvoting common share.

When will Alpine Banks of Colorado pay the dividend?

The dividend will be paid on August 1, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is July 25, 2022.

Is the dividend for Class B shares the same as the previous quarter?

Yes, the dividend for Class B shares is unchanged from the previous quarter.

Are Class A voting common shares publicly traded?

No, Class A voting common shares are not publicly traded.