Alerus Financial Dividends and Buybacks
Dividend criteria checks 4/6
Alerus Financial is a dividend paying company with a current yield of 4%. Next payment date is on 17th January, 2025 with an ex-dividend date of 27th December, 2024.
Key information
4.0%
Dividend yield
0.5%
Buyback Yield
| Total Shareholder Yield | 4.5% |
| Future Dividend Yield | 4.3% |
| Dividend Growth | 5.9% |
| Next dividend pay date | 17 Jan 25 |
| Ex dividend date | 27 Dec 24 |
| 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 29Upcoming 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) | 4.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Diversified Financial) | 0.9% |
| Analyst forecast (ALRS) (up to 3 years) | 4.3% |
Notable Dividend: ALRS's dividend (4%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ALRS's dividend (4%) is low compared to the top 25% of dividend payers in the US market (4.5%).
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).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 13:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| 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 here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Alerus Financial Corporation is covered by 8 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. |
| null null | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |