Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.20 per Class B nonvoting common share and $30.00 per Class A voting common share. Dividends will be paid on July 31, 2023, to shareholders of record at the close of business on July 24, 2023. The dividend amounts remain unchanged from the previous quarter.

Positive

• Alpine Banks of Colorado is paying a cash dividend of $0.20 per Class B nonvoting common share and $30.00 per Class A voting common share. This could positively impact the stock price as it rewards shareholders and demonstrates the company's financial stability.

Negative

• None.

Glenwood Springs, Colo., July 13, 2023 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.20 per Class B nonvoting common share will be paid on July 31, 2023, to shareholders of record at the close of business on July 24, 2023. 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 $30.00 per Class A voting common share will be paid on July 31, 2023, to shareholders of record at the close of business on July 24, 2023. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $30.00 per Class A voting common share and $0.20 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 $6.6 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado’s Western Slope, mountains and Front Range, Alpine Bank employs 800 people and serves 170,000 customers with personal, business, wealth management*, mortgage and electronic banking services. Alpine Bank has a 5-star rating – meaning it has earned a superior performance classification – from BauerFinancial, an independent organization that analyzes and rates financial institutions’ performance in the United States. Shares of the Class B non-voting common stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market. Learn more at www.alpinebank.com.
*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

FAQ

What is the dividend per share for Class B nonvoting common shares?

The dividend per share for Class B nonvoting common shares is $0.20.

What is the dividend per share for Class A voting common shares?

The dividend per share for Class A voting common shares is $30.00.

When will the dividends be paid?

The dividends will be paid on July 31, 2023.

Who is eligible to receive the dividends?

Shareholders of record at the close of business on July 24, 2023, are eligible to receive the dividends.

Has the dividend amount changed from the previous quarter?

No, the dividend amounts remain unchanged from the previous quarter.