Alerus Financial Corporation Increases Quarterly Dividend by 5.26%As of the writing of this article Alerus Financial Corporation has demonstrated its commitment to shareholders by declaring a regular quarterly cash dividend of $0.20 per common share, representing a 5.26% increase over the dividend paid a year ago.This announcement comes as the company’s 12-month dividend pay out ratio has increased to 134.68 in the fourth quarter of 2023, showcasing its dedication to rewarding investors.
In comparison to its peers in the Financial sector, Alerus Financial Corporation stands out with 59 companies having a higher 12-month dividend pay out ratio.Additionally, the company ranks higher than 614 in comparison to all other companies, now at 614 in the third quarter of 2023.
Investors can look forward to receiving the dividend on July 15, 2024, with the record date set for June 14, 2024.With a strong performance and commitment to shareholders, Alerus Financial Corporation continues to be a reliable choice for investors seeking dividends in the financial industry.
Comments