ALRS vs BAC: Which Is the Better Dividend Stock?
As of Oct 18, 2026, BAC (Bank of America Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ALRS offers the higher yield at 2.81%, ALRS has the higher dividend-safety score, and BAC looks like the better value (its fair-value estimate is 24% above its share price).
Key facts: ALRS vs BAC
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Alerus Financial Corporation (ALRS) has the higher forward dividend yield at 2.81%, versus 2.50% for Bank of America Corporation (BAC).
- As of Oct 18, 2026, SmarterDividends grades ALRS's dividend safety A (92/100) and BAC's A (87/100).
- By SmarterDividends' count as of Oct 18, 2026, ALRS has raised its dividend for 22 consecutive years and BAC for 12.
- As of Oct 18, 2026, ALRS pays out 79% of its earnings as dividends and BAC pays out 26%.
- As of Oct 18, 2026, ALRS's fair-value estimate is 15% below its share price and BAC's fair-value estimate is 24% above its share price, so BAC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ALRS vs BAC: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/alrs-vs-bac
| Metric | ALRS | BAC |
|---|---|---|
| Forward yield | 2.81% | 2.50% |
| Annual dividend | $0.88 | $1.28 |
| Payout ratio | 79% | 26% |
| Years of growth | 22 yr | 12 yr |
| 5-yr dividend growth | 6.7% | 8.4% |
| 5-yr total return | 4% | 15% |
| Dividend safety score | 92 (A) | 87 (A) |
| Fair value estimate | $26.60 | $63.43 |
| Upside to fair value | -15% | +24% |
| Frequency | quarterly | quarterly |
| Market cap | $781.2M | $358.2B |
| P/E ratio | 29.0 | 12.2 |
Higher yield
ALRS
2.81%
Safer dividend
ALRS
Grade A
Faster growth
BAC
8.4%
Better value
BAC
+24% upside
ALRS vs BAC — FAQ
Is ALRS or BAC a better dividend stock?
On the data, BAC wins more head-to-head categories (5 vs 3). ALRS offers the higher yield (2.81%), while ALRS has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, ALRS or BAC?
ALRS has the higher forward dividend yield at 2.81%, versus 2.50% for BAC.
Is ALRS or BAC safer?
ALRS has the higher dividend-safety score (92/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is ALRS or BAC better value right now?
As of Oct 18, 2026, BAC looks like the better value: its fair-value estimate is 24% above its share price (undervalued). For ALRS, its fair-value estimate is 15% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.