SmarterDividends
ALRS

Alerus Financial Corporation

ALRS22 yrs growth

Financial Services · Banks - Regional · Stock · quarterly payer

$31.34

Overvalued · -15% Add to Portfolio

Forward Yield

2.81%

Annual Dividend

$0.88

Payout Ratio

79%

5-Yr Growth

6.7%

Ex-Date

Sep 25, 2026

Frequency

Quarterly

Key facts about ALRS's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Alerus Financial Corporation (ALRS) has a forward dividend yield of 2.81%, based on an annual dividend of $0.88 per share and a share price of $31.34.
  • As of Oct 18, 2026, ALRS's dividend safety grade from SmarterDividends is A (92 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Alerus Financial Corporation (ALRS) has raised its dividend for 22 consecutive years as of Oct 18, 2026.
  • ALRS has never cut its regular dividend in the payment history SmarterDividends has on record.
  • ALRS's most recent ex-dividend date was Sep 25, 2026, for a dividend of $0.22 per share.
  • As of Oct 18, 2026, ALRS pays out 79% of its trailing 12-month earnings as dividends (its payout ratio).
  • ALRS's dividend has grown at an average rate of 6.7% a year over the past five years.
  • As of Oct 18, 2026, ALRS's 2.81% yield is 16% below its five-year average yield of 3.34%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ALRS is $26.60 per share, 15% below the $31.34 share price, so ALRS screens as overvalued.
  • Alerus Financial Corporation (ALRS) pays its dividend quarterly, 4 times a year.
  • Alerus Financial Corporation (ALRS) has raised its regular dividend 32 times and cut it 0 times across the 93 payments on record since 2003. Its most recent change was a 4.8% increase to $0.220 per share, going ex-dividend on Jun 26, 2026.
Cite this page

SmarterDividends, "ALRS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/ALRS

Summary

As of Oct 18, 2026, Alerus Financial Corporation (ALRS) yields 2.81% ($0.88 a year per share), has a dividend safety grade of A (92/100) and has 22 consecutive years of dividend increases on record.

Is ALRS a good dividend stock?

Yes

Alerus Financial Corporation (ALRS) pays a quarterly dividend yielding 2.81% ($0.88/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
2.81%
Payout Ratio
79%
Annual Dividend
$0.88
5-Yr Avg Growth
6.7%
Ex-Dividend Date
Sep 25, 2026
Years of Growth
22
Frequency
quarterly
Beta
0.70
Market Cap
$781.2M
P/E Ratio
29.0
5-Yr Total Return
4%
52-Week Range
$20.31 – $34.40
Dividend Safety
A · 92/100
Ever Cut?
No

ALRS dividend raises and cuts

Alerus Financial Corporation (ALRS) has raised its regular dividend 32 times and cut it 0 times across the 93 payments on record since 2003. Its most recent change was a 4.8% increase to $0.220 per share, going ex-dividend on Jun 26, 2026.

Ex-dateChangeOld → newMove
Jun 26, 2026Raise$0.210 → $0.220+4.8%
Jun 27, 2025Raise$0.200 → $0.210+5.0%
Jun 14, 2024Raise$0.190 → $0.200+5.3%
Jun 14, 2023Raise$0.180 → $0.190+5.6%
Jun 16, 2022Raise$0.160 → $0.180+12.5%
Jun 17, 2021Raise$0.150 → $0.160+6.7%
Dec 19, 2019Raise$0.140 → $0.150+7.1%
Dec 20, 2018Raise$0.130 → $0.140+7.7%
Mar 22, 2018Raise$0.120 → $0.130+8.3%
Mar 22, 2017Raise$0.110 → $0.120+9.1%
Sep 16, 2015Raise$0.100 → $0.110+10.0%
Sep 18, 2014Raise$0.0933 → $0.100+7.1%
Show all 32 changes since 2003
Ex-dateChangeOld → newMove
Jun 18, 2014Raise$0.0900 → $0.0933+3.7%
Mar 19, 2014Raise$0.0867 → $0.0900+3.8%
Sep 18, 2013Raise$0.0833 → $0.0867+4.0%
Mar 20, 2013Raise$0.0800 → $0.0833+4.2%
Sep 19, 2012Raise$0.0767 → $0.0800+4.3%
Dec 21, 2011Raise$0.0733 → $0.0767+4.5%
Mar 17, 2010Raise$0.0700 → $0.0733+4.8%
Dec 17, 2008Raise$0.0667 → $0.0700+5.0%
Sep 17, 2008Raise$0.0600 → $0.0667+11.1%
Sep 19, 2007Raise$0.0583 → $0.0600+2.9%
Jun 20, 2007Raise$0.0567 → $0.0583+2.9%
Dec 22, 2006Raise$0.0533 → $0.0567+6.3%
Jun 21, 2006Raise$0.0500 → $0.0533+6.7%
Dec 30, 2005Raise$0.0483 → $0.0500+3.4%
Jun 15, 2005Raise$0.0467 → $0.0483+3.6%
Mar 16, 2005Raise$0.0450 → $0.0467+3.7%
Sep 15, 2004Raise$0.0433 → $0.0450+3.8%
Jun 16, 2004Raise$0.0417 → $0.0433+4.0%
Dec 17, 2003Raise$0.0400 → $0.0417+4.2%
Sep 17, 2003Raise$0.0383 → $0.0400+4.3%
Every ALRS payment →Download every raise and cut (CSV)
ALRS ex-dividend date & scheduleNext ex-date Sep 25, 2026 · full ex-dividend historyView →ALRS dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is ALRS a good dividend stock?

Yes. Alerus Financial Corporation (ALRS) pays a quarterly dividend yielding 2.81% ($0.88/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.

Is ALRS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ALRS's fair value is about $26.60 versus a $31.34 share price — so it looks overvalued (-15% vs. fair value).

Is ALRS's dividend safe?

ALRS has a dividend-safety grade of A (92/100), based on its payout coverage, free-cash-flow, 22-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is ALRS's fair value?

Our blended fair-value estimate for ALRS is about $26.60 per share, about 15% below the current $31.34 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ALRS a buy, hold, or sell?

We don't issue formal ratings, but on the data ALRS screens as "yes" and overvalued. Alerus Financial Corporation (ALRS) pays a quarterly dividend yielding 2.81% ($0.88/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. This is research for your own analysis, not investment advice.

Will ALRS cut its dividend?

ALRS earns a dividend-safety grade of A (92/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ALRS pay a dividend?

Yes. Alerus Financial Corporation pays a quarterly dividend of about $0.88 per share annually, a forward yield of roughly 2.81%.

What is ALRS's dividend yield?

As of Oct 18, 2026, ALRS's forward dividend yield is 2.81%, based on a $0.88 annual dividend and a $31.34 share price.

What is ALRS's dividend per share?

As of Oct 18, 2026, ALRS pays $0.88 per share per year, distributed on a quarterly basis.

What is ALRS's dividend payout ratio?

As of Oct 18, 2026, ALRS's payout ratio is 79% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has ALRS grown its dividend?

As of Oct 18, 2026, ALRS has increased its dividend for 22 consecutive years.

When is the next ALRS ex-dividend date?

As of Oct 18, 2026, ALRS's next ex-dividend date hasn't been announced. The most recent was Sep 25, 2026, for $0.22 per share.

ALRS Dividend News

ALRS
IncreaseALRS·Sep 21, 2026

Alerus Financial Raises Quarterly Dividend to $0.22

Alerus Financial increased its quarterly dividend by 4.76%, extending its dividend-growth streak to 22 consecutive years.

Income Calculator

At $0.88 / yr per share

Per payment (quarterly)$22.00
Annual$88.00
Monthly avg$7.33

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