Alerus Financial Raises Quarterly Dividend by 5.26%

By Tamara Parker • Thursday, December 12 15:21 • Permanent Link

Alerus Financial Corporation (NASDAQ: ALRS) has declared a regular quarterly cash dividend of $0.20 per common share on December 11, 2024. This marks a 5.26% increase over the dividend paid a year ago. The dividend is payable on January 17, 2025, to stockholders of record as of the close of business on December 27, 2024.

Alerus Financial Corporation, a commercial wealth bank and national retirement services provider, offers diversified and comprehensive financial solutions to business and consumer clients. The company has corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. Alerus provides clients with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet their needs.

The company has banking and wealth offices in several locations, including Grand Forks and Fargo, North Dakota; the Minneapolis-St. Paul, Minnesota metropolitan area; Rochester, Minnesota; the southern Minnesota area; Marshalltown, Iowa; Pewaukee, Wisconsin; and Phoenix and Scottsdale, Arizona. Additionally, Alerus has a commercial wealth office in La Crosse, Wisconsin and serves advisors, brokers, employers, and plan participants across the United States.

Investors and analysts can access current and historic dividend information, quarterly financial statements, investor presentations, and earnings call transcripts through Alerus’ investor relations website at investors.alerus.com. The market has reacted to these announcements by moving the company's shares -1.0% to a price of $21.81. Check out the company's full 8-K submission here.

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