Alpine Banks of Colorado Increases Common Shareholder Dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has declared a quarterly cash dividend of $18.00 per share for both Class A and Class B common shares. This dividend, scheduled for payment on October 26, 2020, marks a 12.5% increase of $2.00 from the previous quarter. Shareholders of record as of October 19, 2020 will receive this payment. The bank, with $4.7 billion in assets and a 5-star rating from BauerFinancial, serves over 150,000 customers across 40 locations in Colorado.

Positive

• Quarterly cash dividend increased by $2.00 to $18.00 per share, signaling strong financial performance.
• The bank maintains a 5-star financial strength rating by BauerFinancial, enhancing investor confidence.

Negative

• None.

Glenwood Springs, Colo., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $18.00 per Class A and Class B common share will be paid on October 26, 2020, to shareholders of record at the close of business on October 19, 2020.  This dividend is an increase of $2.00 per share, or 12.5% from the previous quarter.

About Alpine Banks of Colorado

Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is an employee-owned organization with $4.7 billion in assets--founded in 1973 and headquartered in Glenwood Springs, Colorado. With 40 banking offices across Colorado, Alpine Bank employs more than 750 people and serves more than 150,000 customers with personal, business, wealth management*, mortgage and electronic banking services. Alpine Bank has a 5-star rating for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. The 5-star rating is BauerFinancial’s highest rating for financial institutions. Learn more at www.alpinebank.com. Alpine Banks of Colorado trades Class B Nonvoting Common Stock 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 shares?

Alpine Banks of Colorado announced a dividend of $18.00 per share for both Class A and Class B common shares.

When is the dividend payment date for ALPIB?

The dividend payment date for ALPIB is scheduled for October 26, 2020.

Who are the ALPIB shareholders of record?

Shareholders of record for ALPIB as of October 19, 2020, will receive the dividend.

How much has the ALPIB dividend increased compared to last quarter?

The ALPIB dividend has increased by $2.00, or 12.5%, compared to the previous quarter.