Alerus Financial Corporation
ALRS22 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
2.59%
Annual Dividend
$0.85
Payout Ratio
79%
5-Yr Growth
6.7%
Ex-Date
Jun 26, 2026
Frequency
Quarterly
Summary
As of August 2026, Alerus Financial Corporation (ALRS) yields 2.59% ($0.85 per share annually), with a blended fair-value estimate of $30.96 — -6% downside, so it screens as fairly valued. Dividend safety grade: A (89/100). 22 years of dividend growth.
Is ALRS a good dividend stock?
YesAlerus Financial Corporation (ALRS) pays a quarterly dividend yielding 2.59% ($0.85/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 22 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 6.7% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.59%
- Payout Ratio
- 79%
- Annual Dividend
- $0.85
- 5-Yr Avg Growth
- 6.7%
- Ex-Dividend Date
- Jun 26, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.69
- Market Cap
- $818.3M
- P/E Ratio
- 30.4
- 5-Yr Total Return
- 10%
- 52-Week Range
- —
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
Frequently Asked Questions
ALRS Price — Last 12 Months
Daily close
Price Return
1 Year
+48%
3 Years
+80%
5 Years
+10%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ALRS worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Alerus Financial Corporation is $30.96 per share, versus a market price of $32.77. That implies the stock is roughly fairly priced.
Fair Value
$30.96
Current Price
$32.77
Gap
-6%
Margin of Safety
-6%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.08 EPS, $0.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ALRS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.2200 | regular |
| Mar 27, 2026 | — | $0.2100 | regular |
| Dec 26, 2025 | — | $0.2100 | regular |
| Sep 26, 2025 | — | $0.2100 | regular |
| Jun 27, 2025 | — | $0.2100 | regular |
| Mar 14, 2025 | — | $0.2000 | regular |
| Dec 27, 2024 | — | $0.2000 | regular |
| Sep 13, 2024 | — | $0.2000 | regular |
| Jun 14, 2024 | — | $0.2000 | regular |
| Mar 14, 2024 | — | $0.1900 | regular |
| Dec 26, 2023 | — | $0.1900 | regular |
| Sep 14, 2023 | — | $0.1900 | regular |
| Jun 14, 2023 | — | $0.1900 | regular |
| Mar 14, 2023 | — | $0.1800 | regular |
Income Calculator
At $0.85 / yr per share
