Current Yield
2.75%
TTM Dividend/Share
$0.85
Payment Frequency
Quarterly
Payout Ratio
81.0%
Consecutive Growth Years
22 (Dividend Contender)
Key takeaways
- Dividend Contender — Alerus Financial (ALRS) has raised its dividend for 22 consecutive years.
- Alerus Financial (ALRS) currently yields 2.75%, paying $0.85 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 81.0% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 6.71% (growth is decelerating).
Dividend yield valuation for Alerus Financial (ALRS)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 2.75% |
1-year average yield | 3.64%now 0.89 pp below |
3-year average yield | 3.59%now 0.84 pp below |
5-year average yield | 3.17%now 0.42 pp below |
ALRS: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Alerus Financial (ALRS)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 9.5% |
FCF payout ratio | 5.9% |
Net debt / EBITDA | 3.2x |
Interest coverage | 0.35x |
ROIC (TTM) | 11.6% |
Dividend safety score for Alerus Financial (ALRS)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
5 of 8 checks passed
Payout ratio below 75%
Payout ratio is 81.0%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $66M — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
22 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 5.9%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.2x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (6.7%) exceeds EPS growth (4.0%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
129 payments from 1993 to 2026 · Adj. Dividend is split-adjusted
| Jun 26, 2026 | Jul 10, 2026 | $0.2200 | $0.2200 |
| 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 26, 2026$0.2200
- Mar 27, 2026$0.2100
- Dec 26, 2025$0.2100
- Sep 26, 2025$0.2100
- Jun 27, 2025$0.2100
- Mar 14, 2025$0.2000
- Dec 27, 2024$0.2000
- Sep 13, 2024$0.2000
- Jun 14, 2024$0.2000
- Mar 14, 2024$0.1900
- Dec 26, 2023$0.1900
- Sep 14, 2023$0.1900
Historical dividend yield for Alerus Financial (ALRS)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.64%5Y: 3.17%10Y: 2.86%
Dividend per share for Alerus Financial (ALRS)
CAGR (per year)1Y: 5.06%5Y: 6.71%10Y: 7.05%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1993 | $0.01 | 1 |
| 1994 | $0.04 | 3 |
| 1995 | $0.06 | 4 |
| 1996 | $0.06 | 4 |
| 1997 | $0.06 | 3 |
| 1998 | $0.07 | 3 |
| 1999 | $0.10 | 4 |
| 2000 | $0.14 | 5 |
| 2001 | $0.13 | 4 |
| 2002 | $0.11 | 3 |
| 2003 | $0.20 | 5 |
| 2004 | $0.17 | 4 |
| 2005 | $0.19 | 4 |
| 2006 | $0.21 | 4 |
| 2007 | $0.23 | 4 |
| 2008 | $0.26 | 4 |
| 2009 | $0.28 | 4 |
| 2010 | $0.29 | 4 |
| 2011 | $0.30 | 4 |
| 2012 | $0.31 | 4 |
| 2013 | $0.34 | 4 |
| 2014 | $0.38 | 4 |
| 2015 | $0.42 | 4 |
| 2016 | $0.44 | 4 |
| 2017 | $0.48 | 4 |
| 2018 | $0.53 | 4 |
| 2019 | $0.57 | 4 |
| 2020 | $0.60 | 4 |
| 2021 | $0.63 | 4 |
| 2022 | $0.70 | 4 |
| 2023 | $0.75 | 4 |
| 2024 | $0.79 | 4 |
| 2025 | $0.83 | 4 |
| 2026 | $0.43 | 2 |
Dividend growth for Alerus Financial (ALRS)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | — |
- 2026—
- 2025$0.8300
- 2024$0.7900
- 2023$0.7500
- 2022$0.7000
- 2021$0.6300
- 2020$0.6000
- 2019$0.5700
- 2018$0.5300
- 2017$0.4800
- 2016$0.4400
- 2015$0.4200
- 2014$0.3833
- 2013$0.3400
- 2012$0.3133
- 2011$0.2967
- 2010$0.2933
- 2009$0.2800
- 2008$0.2600
- 2007$0.2350
- 2006$0.2133
- 2005$0.1933
- 2004$0.1750
- 2003$0.1950
- 2002$0.1067
- 2001$0.1300
- 2000$0.1417
- 1999$0.1000
- 1998$0.0667
- 1997$0.0583
- 1996$0.0608
- 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
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