Alerus Financial Dividends and Buybacks
Dividend criteria checks 4/6
Alerus Financial is a dividend paying company with a current yield of 4.37%. Next payment date is on 11th April, 2025 with an ex-dividend date of 14th March, 2025.
Key information
4.4%
Dividend yield
0.06%
Buyback Yield
| Total Shareholder Yield | 4.4% |
| Future Dividend Yield | 4.7% |
| Dividend Growth | 7.3% |
| Next dividend pay date | 11 Apr 25 |
| Ex dividend date | 14 Mar 25 |
| Dividend per share | US$0.800 |
| Payout ratio | 94% |
Recent dividend and buyback updates
Recent updates
Expanding Revenue Streams And Decisive Acquisitions Set To Drive Robust Growth And Profitability Surge
Sep 24 Diversification in revenue streams across commercial, wealth, and private banking segments suggests underlying strength and potential for future earnings growth.Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20
May 31
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19
May 15Alerus Financial Corporation declares $0.18 dividend
Sep 13Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M
Jul 27Alerus Financial appoints Jon Hendry as chief technology officer
Jul 20Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ALRS's dividends per share have been stable in the past 10 years.
Growing Dividend: ALRS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Alerus Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ALRS) | 4.4% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Diversified Financial) | 0.9% |
| Analyst forecast (ALRS) (up to 3 years) | 4.7% |
Notable Dividend: ALRS's dividend (4.37%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: ALRS's dividend (4.37%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.7%), ALRS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALRS's dividends in 3 years are forecast to be well covered by earnings (36.9% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/31 13:39 |
| End of Day Share Price | 2025/03/28 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Alerus Financial Corporation is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Rulis | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |