Alerus Financial Corporation (NASDAQ: ALRS) has declared a regular quarterly cash dividend of $0.21 per common share on May 21, 2025. This marks a 5.00% increase over the dividend paid a year ago. The dividend is payable on July 11, 2025, to stockholders of record as of the close of business on June 27, 2025.
Alerus Financial Corporation, a commercial wealth bank and national retirement services provider, has its corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. The company offers diversified and comprehensive financial solutions to business and consumer clients, including banking, wealth services, and retirement and benefit plans and services. It 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 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. Alerus also has a commercial wealth office in La Crosse, Wisconsin, and serves advisors, brokers, employers, and plan participants across the United States through its retirement and benefit services.
This increase in the quarterly cash dividend reflects the company's positive performance and financial strength over the last year, providing value to its shareholders while maintaining a commitment to delivering competitive financial solutions to its clients. Following these announcements, the company's shares moved -1.05%, and are now trading at a price of $20.75. For the full picture, make sure to review ALERUS FINANCIAL CORP's 8-K report.
