Alerus Financial raises quarterly dividend to $0.20 per share

MINNEAPOLIS - Alerus Financial Corporation (NASDAQ: ALRS), a diversified financial services company, has declared a quarterly cash dividend of $0.20 per common share, marking a 5.26% increase from the dividend distributed in the previous year. According to InvestingPro data, this continues the company’s impressive 20-year streak of consecutive dividend increases, with the current annual dividend yield standing at 3.88%. This announcement was made on Tuesday, with the dividend slated for payment on April 11, 2025, to shareholders who are on record as of March 14, 2025.

The Minneapolis-based company, which operates as a commercial wealth bank and national retirement services provider, has a history of offering a range of financial solutions that include banking, wealth services, and retirement and benefit plans. With a market capitalization of $518 million and strong revenue growth of 22.78% in the last twelve months, Alerus Financial Corporation has established a presence in various locations across the United States, with banking and wealth offices in North Dakota, Minnesota, Iowa, Wisconsin, and Arizona, as well as a commercial wealth office in Wisconsin.

This increase in the dividend reflects the company’s commitment to providing value to its shareholders and is a part of its financial strategy. InvestingPro analysis indicates that Alerus is currently trading below its Fair Value, suggesting potential upside opportunity. The company maintains a P/E ratio of 20.22 and has successfully maintained dividend payments for 40 consecutive years. Shareholders and potential investors can access current and historical dividend information, as well as quarterly financial statements and other investor materials, through the company’s investor relations website. For deeper insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers this and 1,400+ other US stocks with detailed analysis and actionable intelligence.

It is important to note that this press release contains forward-looking statements regarding the anticipated future performance of Alerus Financial Corporation. Such statements are predictions based on current expectations and projections about future events and trends. These forward-looking statements are subject to risks, uncertainties, and changes in circumstances that are difficult to predict and largely beyond the company’s control.

Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. Alerus Financial Corporation has emphasized that actual results and financial conditions may vary significantly from those projected in any forward-looking statements due to various factors, including those detailed in the company’s filings with the Securities and Exchange Commission.

The information provided in this article is based on a press release statement from Alerus Financial Corporation.

In other recent news, Alerus Financial Corp (NASDAQ:ALRS) reported stronger-than-expected financial results for the fourth quarter of 2024. The company achieved earnings per share (EPS) of $0.44, surpassing the forecast of $0.37, and revenue reached $72.15 million, exceeding the anticipated $60.52 million. Alerus’s net interest income grew by 69.8% quarter-over-quarter, contributing to an improved net interest margin of 3.2%. A significant driver of these results was the successful integration of the Home Federal acquisition, which expanded Alerus’s total assets to over $5 billion. This acquisition has increased the company’s market presence in Minnesota and North Dakota. Analysts from firms such as Piper Sandler have noted the positive impact of the acquisition on Alerus’s financial performance. The company also reported organic loan growth of $157 million and organic deposit growth of $93 million during the quarter. Looking forward, Alerus anticipates low to mid-single-digit loan growth and expects its net interest margin to remain above 3% in 2025.

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