Alerus Financial Corporation Declares Cash Dividend on Common Shares

Rhea-AI Summary

Alerus Financial Corporation (NASDAQ: ALRS) announced a $0.18 quarterly cash dividend per share, marking a 12.5% increase from last year. The dividend is payable on July 8, 2022, to shareholders of record by June 17, 2022. This increase reflects the company's commitment to delivering shareholder value. For more financial details, Alerus provides comprehensive information on its investor relations website.

Positive

• Quarterly dividend increased by 12.5% to $0.18 per share.
• Demonstrates strong commitment to returning value to 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 $0.18 per common share, a 12.5 percent increase over the dividend paid a year ago. The dividend is payable on July 8, 2022, to shareholders of record as of close of business on June 17, 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/20220511006097/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 ALRS dividend amount for July 2022?

The dividend amount is $0.18 per share.

When is the dividend for Alerus Financial payable?

The dividend is payable on July 8, 2022.

What is the record date for the ALRS dividend?

The record date for the dividend is June 17, 2022.

How much did Alerus Financial increase its dividend?

The dividend was increased by 12.5% compared to the previous year.