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Alerus Financial Corporation Declares Cash Dividend on Common Shares
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Alerus Financial (NASDAQ: ALRS) has announced a regular quarterly cash dividend of $0.20 per common share. This marks a 5.26% increase over the dividend paid in the previous year. The dividend will be payable on July 15, 2024, to shareholders of record as of June 14, 2024. This decision highlights the company's commitment to returning value to its shareholders. For more information, including historical dividend data and financial performance, investors can visit the Alerus investor relations website.
Positive
Alerus Financial increased its quarterly dividend by 5.26%, from the previous year.
The new dividend of $0.20 per common share will be distributed on July 15, 2024.
Dividend increase indicates a positive outlook and confidence from the company's board.
The decision may attract income-focused investors and provide steady income to shareholders.
Alerus maintains transparency by providing comprehensive financial and investor-related information online.
Negative
The dividend increase, while positive, may lead to higher cash outflows, which might impact cash reserves.
Shareholders who do not hold shares by June 14, 2024, will miss out on the dividend payment.
No mention of significant revenue growth or profit figures in the announcement.
MINNEAPOLIS--(BUSINESS WIRE)--
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.20 per common share on May 21, 2024, a 5.26% increase over the dividend paid a year ago. The dividend is payable on July 15, 2024, to stockholders of record as of close of business on June 14, 2024. 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 (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider with corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. Through its subsidiary, Alerus Financial, National Association, Alerus provides diversified and comprehensive financial solutions to business and consumer clients, including banking, wealth services, and retirement and benefits plans and services. 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 has banking and wealth offices in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix and Scottsdale, Arizona. Alerus Retirement and Benefits serves advisors, brokers, employers, and plan participants across the United States.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
