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 share, an increase of 6.7% from last year. The dividend is set to be paid on January 14, 2022, to shareholders of record by December 24, 2021. The company provides diverse financial services through its subsidiary, Alerus Financial, N.A., operating in banking, retirement services, wealth management, and mortgage sectors across various locations including Grand Forks and Fargo, ND.

Positive

• Quarterly cash dividend increased by 6.7% year-over-year.
• Dividend amount of $0.16 reflects company confidence in financial stability.

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 percent increase over the dividend paid a year ago. The dividend is payable on January 14, 2022, to stockholders of record as of close of business on December 24, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123006115/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 dividend amount declared by Alerus Financial Corporation for January 2022?

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

When will Alerus Financial Corporation's dividend be paid?

The dividend is scheduled to be paid on January 14, 2022.

What is the record date for Alerus Financial Corporation's dividend?

The record date for the dividend is December 24, 2021.

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

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