Alerus Financial Corporation Declares Cash Dividend on Common Shares

Rhea-AI Summary

Alerus Financial Corporation (NASDAQ: ALRS) has announced a quarterly cash dividend of $0.16 per common share, marking a 6.7% increase from the previous year. The dividend will be paid on July 9, 2021, to shareholders recorded by June 18, 2021. This increase reflects the company's commitment to returning value to its shareholders and demonstrates confidence in its financial position. Alerus operates through four distinct segments, providing services from banking to wealth management.

Positive

• Quarterly cash dividend increased by 6.7% to $0.16 per share.
• Dividend payment reflects strong financial performance and shareholder value commitment.

Negative

• None.

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 percent increase over the dividend paid a year ago. The dividend is payable on July 9, 2021, to shareholders of record as of close of business on June 18, 2021. 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 benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology. Alerus Financial banking and wealth management offices are located 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 located in St. Paul, MN, East Lansing, MI, and Littleton, CO.

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FAQ

What is the dividend amount declared by Alerus Financial Corporation?

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

When will the dividend be paid to shareholders?

The dividend will be paid on July 9, 2021.

What is the record date for the dividend?

The record date for the dividend is June 18, 2021.

How much has Alerus Financial increased its dividend compared to last year?

Alerus Financial has increased its dividend by 6.7% compared to last year.