Alerus Financial Dividend
Dividend criteria checks 4/6
Alerus Financial is a dividend paying company with a current yield of 3.76%. Next payment date is on 11th October, 2024 with an ex-dividend date of 13th September, 2024.
Key information
3.8%
Dividend yield
215%
Payout ratio
| Industry average yield | 1.0% |
| Next dividend pay date | 11 Oct 24 |
| Ex dividend date | 13 Sep 24 |
| Dividend per share | US$0.800 |
| Earnings per share | US$0.36 |
| Dividend yield forecast | 3.8% |
Recent dividend 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 15Upcoming Dividend Payment
Stability 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) | 3.8% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Diversified Financial) | 1.0% |
| Analyst forecast (ALRS) (up to 3 years) | 3.8% |
Notable Dividend: ALRS's dividend (3.76%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: ALRS's dividend (3.76%) is low compared to the top 25% of dividend payers in the US market (4.43%).
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (214.8%), 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 (32.2% payout ratio).