Trailing Dividend / Share
$0.81
Alerus Financial Corporation (ALRS) Dividend History
Income profile from 1993 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.7%
Payout Ratio
1.2%
Sustainable
Dividend Streak
33 years
ALRS Dividend Income Check
Safety
1.2% payout ratio with sustainable safety profile.
Consistency
33 straight years of dividend increases.
Income Trend
Yield on cost is 3.1% and trend is rising.
ALRS Dividend Scorecard
Yield & Income
Dividend Yield2.7%
Trailing DPS$0.81
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout1.2%
Earnings SafetySustainable
FCF Payout21.7%
FCF SafetyWell Covered
Piotroski F-Score5/9
Growth
Growth Streak33 years
3Y CAGR5.8%
5Y CAGR6.7%
Yield on Cost (5Y)3.1%
YOC Trendrising
Total Returns
Buyback Yield0.1%
Total Shareholder Yield2.8%
1Y Total Return44.4%
5Y Total Return4.7%
Div Contribution (5Y)11.6%
Estimated $10K growth (return + dividends):
5Y ago$10,47410Y ago$20,67620Y ago$38,769
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
ALRS Income Growth Story
Dividend per share and yield on cost over time (34 years of payments)
ALRS Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Alerus Financial Corporation distributes 1.2% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 21.7%, rated "Well Covered".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
ALRS has raised its dividend for 33 consecutive years, with a 3-year CAGR of 5.8% and 5-year CAGR of 6.7%.
Total Shareholder Returns
Beyond cash dividends, ALRS returns capital through share repurchases. The combined picture: 2.7% dividend yield, 0.1% buyback yield, 2.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.1% and is currently rising. The 5-year total return is 4.7%, with dividends contributing 11.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $20,676 today.
ALRS Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$3.82
Avg/Payment$0.1910
Latest Change+4.8%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 26, 2026Latest | $0.2200 | ↑ +4.8% | 2.81% | Jul 10, 2026 |
| Mar 27, 2026 | $0.2100 | — | 3.56% | Apr 10, 2026 |
| Dec 26, 2025 | $0.2100 | — | 3.81% | Jan 9, 2026 |
| Sep 26, 2025 | $0.2100 | — | 3.63% | Oct 10, 2025 |
| Jun 27, 2025 | $0.2100 | ↑ +5.0% | 3.69% | Jul 11, 2025 |
| Mar 14, 2025 | $0.2000 | — | 4.37% | Apr 11, 2025 |
| Dec 27, 2024 | $0.2000 | — | 4.11% | Jan 17, 2025 |
| Sep 13, 2024 | $0.2000 | — | 3.62% | Oct 11, 2024 |
ALRS Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
2.7%
#4 of 9
Safety
Sustainable
1.2% payout
Streak
33Y
6.7% 5Y CAGR
Total Shareholder
2.8%
#6 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
 ALRSAlerus Financial Cor… | $774M | 2.7% | 1.2% | 33 | Sustainable |
2nd  NBTBNBT Bancorp Inc. | $2.5B | 3.0% | 42.9% | 13 | Sustainable |
 FFINFirst Financial Bank… | $4.8B | 2.2% | 41.8% | 15 | Sustainable |
 BANFBancFirst Corporatio… | $3.9B | 1.6% | 25.9% | 30 | Sustainable |
 OTTROtter Tail Corporati… | $3.8B | 2.3% | 31.9% | 12 | Sustainable |
 WSFSWSFS Financial Corpo… | $4.0B | 0.9% | 12.9% | 1 | Sustainable |
 TRMKTrustmark Corporatio… | $2.7B | 2.1% | 26.1% | 1 | Sustainable |
1st  FULTFulton Financial Cor… | $4.5B | 3.3% | 36.1% | 5 | Sustainable |
3rd  IBCPIndependent Bank Cor… | $730M | 2.9% | 31.5% | 11 | Sustainable |
ALRS Annual Dividend History (1993–2026)
34 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.43 | — | 2 | — | — | — | 1.6% |
| 2025 | $0.83 | 5.1% | 4 | $0.68 | 122.1% | 0.82x | 3.1% |
| 2024 | $0.79 | 5.3% | 4 | $0.83 | 95.2% | 1.05x | 3.0% |
| 2023 | $0.75 | 7.1% | 4 | $0.58 | 129.3% | 0.77x | 2.8% |
| 2022 | $0.70 | 11.1% | 4 | $2.10 | 33.3% | 3.00x | 2.6% |
| 2021 | $0.63 | 5.0% | 4 | $2.97 | 21.2% | 4.71x | 2.4% |
| 2020 | $0.60 | 5.3% | 4 | $2.52 | 23.8% | 4.20x | 2.3% |
| 2019 | $0.57 | 7.5% | 4 | $1.91 | 29.8% | 3.35x | 2.1% |
| 2018 | $0.53 | 10.4% | 4 | $1.84 | 28.8% | 3.47x | 2.0% |
| 2017 | $0.48 | 9.1% | 4 | $1.07 | 44.9% | 2.23x | 1.8% |
What if you invested $1,000 in ALRS back in 1993?
Total return with dividends reinvested · 33+ years of data
Calculate ReturnsHow much would $100/month in ALRS be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs ALRS Undervalued Right Now?
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Compare NowALRS — Frequently Asked Questions
Quick answers to the most common questions about buying ALRS stock.
How much dividend does ALRS pay per share?
Alerus Financial Corporation (ALRS) pays a trailing 12-month dividend of $0.81 per share, with a current dividend yield of +2.7%. Payments are made Semi-Annual.
When is ALRS's next ex-dividend date?
ALRS's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. ALRS typically pays dividends Semi-Annual.
Is ALRS's dividend safe?
ALRS's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.2% and FCF payout ratio of +21.7%. With 33 consecutive years of dividend growth, the track record supports sustainability.
Is ALRS a Dividend Aristocrat?
Yes, Alerus Financial Corporation is classified as a Dividend Aristocrat with 33 consecutive years of dividend increases. The 5-year dividend CAGR is +6.7%, demonstrating above-inflation dividend growth.
How often does ALRS pay dividends?
Alerus Financial Corporation pays dividends Semi-Annual. The trailing 12-month total is $0.81 per share. Dividend data on this page covers 33+ years from 1993 to 2026.
How much would $10,000 invested in ALRS grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in ALRS five years ago would be worth approximately $10,474 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is ALRS's yield on cost for long-term holders?
ALRS's yield on cost — the current dividend divided by the original purchase price — is +3.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.7% market yield, thanks to consistent dividend growth.