Alerus Financial (ALRS) Dividend History & Yield
Alerus Financial (ALRS) has increased its dividend for 22 consecutive years and currently yields 3.29%. The most recent payment was $0.2100/share on Mar 27, 2026, paid Quarterly.
ALRS
Current Yield
3.29%
TTM Dividend/Share
$0.84
Payment Frequency
Quarterly
Payout Ratio
125.4%
Consecutive Growth Years
22
Div Growth (1Y CAGR)
5.06%
Div Growth (5Y CAGR)
6.71%
Div Growth (10Y CAGR)
7.05%
Dividend Safety Score
3 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 125.4%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($2.32) covers dividend/share ($0.84).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
22 consecutive years of dividend growth.
Dividend Payment History
Ex-date Mar 27, 2026
- Payment date
- Apr 10, 2026
- Dividend
- $0.2100
- Adj. dividend
- $0.2100
Ex-date Dec 26, 2025
- Payment date
- Jan 9, 2026
- Dividend
- $0.2100
- Adj. dividend
- $0.2100
Ex-date Sep 26, 2025
- Payment date
- Oct 10, 2025
- Dividend
- $0.2100
- Adj. dividend
- $0.2100
Ex-date Jun 27, 2025
- Payment date
- Jul 11, 2025
- Dividend
- $0.2100
- Adj. dividend
- $0.2100
Ex-date Mar 14, 2025
- Payment date
- Apr 11, 2025
- Dividend
- $0.2000
- Adj. dividend
- $0.2000
Ex-date Dec 27, 2024
- Payment date
- Jan 17, 2025
- Dividend
- $0.2000
- Adj. dividend
- $0.2000
Ex-date Sep 13, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $0.2000
- Adj. dividend
- $0.2000
Ex-date Jun 14, 2024
- Payment date
- Jul 15, 2024
- Dividend
- $0.2000
- Adj. dividend
- $0.2000
Ex-date Mar 14, 2024
- Payment date
- Apr 12, 2024
- Dividend
- $0.1900
- Adj. dividend
- $0.1900
Ex-date Dec 26, 2023
- Payment date
- Jan 12, 2024
- Dividend
- $0.1900
- Adj. dividend
- $0.1900
Ex-date Sep 14, 2023
- Payment date
- Oct 13, 2023
- Dividend
- $0.1900
- Adj. dividend
- $0.1900
Ex-date Jun 14, 2023
- Payment date
- Jul 14, 2023
- Dividend
- $0.1900
- Adj. dividend
- $0.1900
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 27, 2026 | Apr 10, 2026 | $0.2100 | $0.2100 |
| Dec 26, 2025 | Jan 9, 2026 | $0.2100 | $0.2100 |
| Sep 26, 2025 | Oct 10, 2025 | $0.2100 | $0.2100 |
| Jun 27, 2025 | Jul 11, 2025 | $0.2100 | $0.2100 |
| Mar 14, 2025 | Apr 11, 2025 | $0.2000 | $0.2000 |
| Dec 27, 2024 | Jan 17, 2025 | $0.2000 | $0.2000 |
| Sep 13, 2024 | Oct 11, 2024 | $0.2000 | $0.2000 |
| Jun 14, 2024 | Jul 15, 2024 | $0.2000 | $0.2000 |
| Mar 14, 2024 | Apr 12, 2024 | $0.1900 | $0.1900 |
| Dec 26, 2023 | Jan 12, 2024 | $0.1900 | $0.1900 |
| Sep 14, 2023 | Oct 13, 2023 | $0.1900 | $0.1900 |
| Jun 14, 2023 | Jul 14, 2023 | $0.1900 | $0.1900 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Alerus Financial has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 22 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $0.8300 | — | — |
| 2025 | $0.7900 | $0.8300 | +5.1% |
| 2024 | $0.7500 | $0.7900 | +5.3% |
| 2023 | $0.7000 | $0.7500 | +7.1% |
| 2022 | $0.6300 | $0.7000 | +11.1% |
| 2021 | $0.6000 | $0.6300 | +5.0% |
| 2020 | $0.5700 | $0.6000 | +5.3% |
| 2019 | $0.5300 | $0.5700 | +7.5% |
| 2018 | $0.4800 | $0.5300 | +10.4% |
| 2017 | $0.4400 | $0.4800 | +9.1% |
| 2016 | $0.4200 | $0.4400 | +4.8% |
| 2015 | $0.3833 | $0.4200 | +9.6% |
| 2014 | $0.3400 | $0.3833 | +12.7% |
| 2013 | $0.3133 | $0.3400 | +8.5% |
| 2012 | $0.2967 | $0.3133 | +5.6% |
| 2011 | $0.2933 | $0.2967 | +1.1% |
| 2010 | $0.2800 | $0.2933 | +4.8% |
| 2009 | $0.2600 | $0.2800 | +7.7% |
| 2008 | $0.2350 | $0.2600 | +10.6% |
| 2007 | $0.2133 | $0.2350 | +10.2% |
| 2006 | $0.1933 | $0.2133 | +10.3% |
| 2005 | $0.1750 | $0.1933 | +10.5% |
| 2004 | $0.1950 | $0.1750 | -10.3% |
| 2003 | $0.1067 | $0.1950 | +82.8% |
| 2002 | $0.1300 | $0.1067 | -17.9% |
| 2001 | $0.1417 | $0.1300 | -8.2% |
| 2000 | $0.1000 | $0.1417 | +41.7% |
| 1999 | $0.0667 | $0.1000 | +50.0% |
| 1998 | $0.0583 | $0.0667 | +14.3% |
| 1997 | $0.0608 | $0.0583 | -4.1% |
| 1996 | $0.0633 | $0.0608 | -3.9% |
| 1995 | — | $0.0633 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Alerus Financial pay dividends?
- Yes, Alerus Financial (ALRS) pays quarterly dividends of approximately $0.84 per share annually, yielding 3.29%.
What is Alerus Financial's dividend yield?
- Alerus Financial (ALRS) has a current dividend yield of 3.29%.
Is Alerus Financial's dividend safe?
- Alerus Financial (ALRS) passes 3 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Alerus Financial increased its dividend?
- Alerus Financial (ALRS) has 22 consecutive years of dividend increases.
What is Alerus Financial's dividend payout ratio?
- Alerus Financial (ALRS) has a dividend payout ratio of 125.4%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
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