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Alerus Financial (Alerus Financial) Dividend Yield % : 3.70% (As of Apr. 26, 2024)


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What is Alerus Financial Dividend Yield %?

As of today (2024-04-26), the Trailing Annual Dividend Yield of Alerus Financial is 3.70%.

The historical rank and industry rank for Alerus Financial's Dividend Yield % or its related term are showing as below:

ALRS' s Dividend Yield % Range Over the Past 10 Years
Min: 0.42   Med: 2.37   Max: 5.18
Current: 3.7

During the past 13 years, the highest Dividend Yield of Alerus Financial was 5.18%. The lowest was 0.42%. And the median was 2.37%.

ALRS's Dividend Yield % is ranked worse than
54.85% of 1205 companies
in the Banks industry
Industry Median: 3.98 vs ALRS: 3.70

Alerus Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Alerus Financial Corp is 1.34, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Alerus Financial was 1.34. The lowest was 0.21. And the median was 0.32.

As of today (2024-04-26), the Forward Dividend Yield % of Alerus Financial is 3.70%.

Alerus Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.19.

During the past 12 months, Alerus Financial's average Dividends Per Share Growth Rate was 7.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Alerus Financial was 9.00% per year. The lowest was 5.10% per year. And the median was 7.75% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Alerus Financial Dividend Yield % Historical Data

The historical data trend for Alerus Financial's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Alerus Financial Dividend Yield % Chart

Alerus Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.49 2.19 2.15 3.03 3.34

Alerus Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 4.50 4.06 4.08 3.34

Competitive Comparison of Alerus Financial's Dividend Yield %

For the Banks - Regional subindustry, Alerus Financial's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alerus Financial's Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Alerus Financial's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Alerus Financial's Dividend Yield % falls into.



Alerus Financial Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Alerus Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1902024-03-142024-03-152024-04-12Cash DividendquarterlyUSD:USD 1.000000
USD 0.1902023-12-262023-12-272024-01-12Cash DividendquarterlyUSD:USD 1.000000
USD 0.1902023-09-142023-09-152023-10-13Cash DividendquarterlyUSD:USD 1.000000
USD 0.1902023-06-142023-06-152023-07-14Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Alerus Financial's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.76/20.485
=3.71 %

Current Share Price is $20.485.
Alerus Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.76.

Alerus Financial's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.76/20.485
=3.71 %

Current Share Price is $20.485.
Alerus Financial's Dividends per Share for the forward twelve months is calculated as $0.19 * 4 = $0.76.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Alerus Financial  (NAS:ALRS) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Alerus Financial Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Alerus Financial's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Alerus Financial (Alerus Financial) Business Description

Traded in Other Exchanges
Address
401 Demers Avenue, Grand Forks, ND, USA, 58201
Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.
Executives
Kari Koob officer: Director of Accounting 401 DEMERS AVENUE, GRAND FORKS ND 58201
Alan Villalon officer: Chief Financial Officer 401 DEMERS AVENUE, GRAND FORKS ND 58201
Galen G Vetter director 500 EAST GRANT STREET, #2011, MINNEAPOLIS MN 55404
Katie A Lorenson officer: Executive Vice President/ CFO 401 DEMERS AVENUE, GRAND FORKS ND 58201
Janet O Estep director 6060 COVENTRY DRIVE, ELKHORN NE 68022
Jerrod Hanson officer: Chief Accounting Officer 401 DEMERS AVENUE, GRAND FORKS ND 58201
Jon Hendry officer: Chief Technology Officer & EVP 401 DEMERS AVENUE, GRAND FORKS ND 58201
Missy Keney officer: Chief Engagement Officer & EVP 401 DEMERS AVENUE, GRAND FORKS ND 58201
Jim Collins officer: EVP, CBO & CRO 401 DEMERS AVENUE, GRAND FORKS ND 58201
Jill Schurtz director 401 DEMERS AVENUE, GRAND FORKS ND 58201
Mary Zimmer director 401 DEMERS AVENUE, GRAND FORKS ND 58201
Ryan Goldberg officer: Chief Revenue Officer 401 DEMERS AVENUE, GRAND FORKS ND 58201
Karen Bohn director 215 S CASCADE ST, FERGUS FALLS MN 565372801
Kris Compton officer: Executive Vice President/ CSO 401 DEMERS AVENUE, GRAND FORKS ND 58201
Ann Mcconn officer: Executive Vice President/ CBO 401 DEMERS AVENUE, GRAND FORKS ND 58201