Alerus Financial Corporation Stock Dividends
ALRS pays dividends quarterly. Last paid amount was $0.190 at Apr 12, 2024. As of today, dividend yield (TTM) is 3.97%.
Dividend Yield Range
Dividend Analysis | Generate |
Key Stats
Dividend Yield (TTM) | 3.97% |
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Frequency | Quarterly |
1Y Growth | 0% |
Payout Ratio | 0 |
Amount Per Share | $0.190 |
Alerus Financial Corporation has not yet announced its next dividend date. Last payment date was: Apr 12, 2024.
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ALRS Dividend Payout History
To ensure a understanding of ALRS's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Mar 14, 2024 | Apr 12, 2024 | $0.190 | 0.95% |
2 | Dec 14, 2023 | Dec 26, 2023 | Jan 12, 2024 | $0.190 | 0.90% |
3 | Aug 23, 2023 | Sep 14, 2023 | Oct 13, 2023 | $0.190 | 1.09% |
4 | May 10, 2023 | Jun 14, 2023 | Jul 14, 2023 | $0.190 | 1.03% |
5 | Feb 21, 2023 | Mar 14, 2023 | Apr 14, 2023 | $0.180 | 1.16% |
6 | Nov 03, 2022 | Dec 22, 2022 | Jan 13, 2023 | $0.180 | 0.764% |
7 | Sep 13, 2022 | Sep 29, 2022 | Oct 14, 2022 | $0.180 | 0.82% |
8 | May 11, 2022 | Jun 16, 2022 | Jul 08, 2022 | $0.180 | 0.780% |
9 | Jan 19, 2022 | Mar 17, 2022 | Apr 08, 2022 | $0.160 | 0.610% |
10 | Nov 23, 2021 | Dec 22, 2021 | Jan 14, 2022 | $0.160 | 0.543% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
ALRS Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from ALRS dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in ALRS stock here.
Comparing ALRS to Sector and Country
ALRS pays a solid dividend yield of 3.97%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.81%). ALRS’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (10.94%), which means that there are more attractive dividend stocks to consider.
ALRS Stock Competitors
Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
---|---|---|---|---|---|
Financial Institutions | 286.077M | $0.300 | 6.71% | 37.11% | |
Waterstone Financial | 251.262M | $0.150 | 5.25% | 108.85% | |
Independent Bank Corporation | 538.237M | $0.240 | 4.10% | 31.36% | |
Alerus Financial Corporation | 404.238M | $0.190 | 3.97% | 150.45% |