Alerus Financial Corporation
ALRS22 yrs growthFinancial Services · Stock · quarterly payer
$28.71
Add to PortfolioForward Yield
2.96%
Annual Dividend
$0.85
Payout Ratio
80%
5-Yr Growth
7.0%
Ex-Date
Jun 26, 2026
Frequency
Quarterly
ALRS Dividend Safety Score
90/ 100
Grade A
Very Safe
Dividend-growth streak22 consecutive years of growth
Cut historyNever cut its dividend on record
Earnings payout coverage80% of earnings paid out
Yield vs its historyYield in line with its history
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
Is ALRS a good dividend stock?
YesAlerus Financial Corporation (ALRS) pays a quarterly dividend yielding 2.96% ($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 7.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.96%
- Payout Ratio
- 80%
- Annual Dividend
- $0.85
- 5-Yr Avg Growth
- 7.0%
- Ex-Dividend Date
- Jun 26, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $721.4M
- P/E Ratio
- 27.3
- 5-Yr Total Return
- -0%
- 52-Week Range
- $20.26 – $29.11
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 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 |
| Dec 22, 2022 | — | $0.1800 | regular |
Income Calculator
At $0.85 / yr per share
Per payment (quarterly)$21.25
Annual$85.00
Monthly avg$7.08
