Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program
Alerus Financial Corporation announced that its board of directors declared a regular quarterly cash dividend of $0.22 per common share, a 4.76% increase over the dividend paid a year ago. The dividend is payable on October 9, 2026, to stockholders of record as of the close of business on September 25, 2026.
Why it matters — The dividend increase signals a higher return to shareholders, which is relevant to ALRS watchers monitoring the company's capital-return policy.