Alerus Financial Dividends and Buybacks
Dividend criteria checks 4/6
Alerus Financial is a dividend paying company with a current yield of 3.72%.
Key information
3.7%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 4.1% |
| Future Dividend Yield | 4.0% |
| Dividend Growth | 5.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.800 |
| Payout ratio | 485% |
Recent dividend and buyback updates
Recent updates
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 20Alerus Financial completes acquisition of Metro Phoenix Bank holding company
Jul 01Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year
May 29Alerus Financial (NASDAQ:ALRS) Has Announced That It Will Be Increasing Its Dividend To US$0.18
May 15Stability 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) | 3.7% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Diversified Financial) | 0.9% |
| Analyst forecast (ALRS) (up to 3 years) | 4.0% |
Notable Dividend: ALRS's dividend (3.72%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: ALRS's dividend (3.72%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (484.8%), 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 (35.9% payout ratio).