Alerus Financial Corporation Declares Cash Dividend on Common Shares

Rhea-AI Summary

Alerus Financial Corporation (NASDAQ: ALRS) 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 October 8, 2021, to shareholders recorded by the close of business on September 17, 2021. Alerus, headquartered in Grand Forks, ND, provides diversified financial services through segments including banking, retirement and benefit services, wealth management, and mortgage.

Positive

• Quarterly cash dividend increased by 6.7% compared to last year.

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• 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 October 8, 2021, to shareholders of record as of close of business on September 17, 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 (ALRS)?

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

When will the dividend for Alerus Financial (ALRS) be paid?

The dividend will be payable on October 8, 2021.

What is the record date for Alerus Financial's (ALRS) dividend?

The record date for the dividend is September 17, 2021.

How much has Alerus Financial (ALRS) increased its dividend?

Alerus Financial increased its dividend by 6.7% compared to the previous year.