Alerus Financial Corporation Declares Cash Dividend on Common Shares

Rhea-AI Summary

Alerus Financial Corporation (NASDAQ: ALRS) has declared a quarterly cash dividend of $0.16 per common share, marking a 6.7% increase from the previous year. This dividend will be payable on April 8, 2022, to shareholders recorded by the close of business on March 18, 2022. Alerus provides diverse financial services, including banking and wealth management, and aims to cater to the unique needs of its clients.

Positive

• Dividend increased by 6.7% year-over-year.
• Provides a steady income stream for shareholders.

Negative

• None.

GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.16 per common share, a 6.7% increase over the dividend paid a year ago. The dividend is payable on April 8, 2022, to shareholders of record as of close of business on March 18, 2022. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com.

About Alerus Financial Corporation

Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119006104/en/

Missy Keney, Investor Relations

701.280.5120 (Office): 218.791.6818 (Cell)

missy.keney@alerus.com

investors.alerus.com

Source: Alerus Financial Corporation

FAQ

What is the current dividend amount for Alerus Financial Corporation?

Alerus Financial Corporation has declared a quarterly cash dividend of $0.16 per common share.

When will the dividend for Alerus Financial Corporation be paid?

The dividend will be payable on April 8, 2022.

What is the record date for the Alerus Financial dividend?

The record date for the dividend is March 18, 2022.

How much has the dividend increased compared to last year?

The dividend has increased by 6.7% compared to the previous year.

What financial services does Alerus Financial Corporation provide?

Alerus provides banking, retirement and benefits services, wealth management, and mortgage services.