Alerus Financial stock dividend – Alerus Financial Increases Quarterly Cash Dividend by 5.6%, Payable July 14 to Shareholders of Record on June 15
May 23, 2023
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Alerus Financial ($NASDAQ:ALRS) Corp. (ALRS) has announced an increase of 5.6% in its quarterly cash dividend to $0.19 per share, payable on July 14 to shareholders of record as of June 15. Alerus Financial is a diversified financial services company that provides comprehensive banking, wealth management, and retirement plan solutions to individuals and businesses of all sizes. Alerus has a long-standing history of providing excellent customer service, innovative products and services, and unparalleled financial advice to its clients. It also boasts a team of knowledgeable professionals with decades of experience in the financial industry.
Dividends – Alerus Financial stock dividend
This is great news for investors looking for dividend stocks as they can benefit from this increase. In the last three years, ALERUS FINANCIAL has issued an annual dividend per share of 0.72, 0.7, and 0.63 USD respectively. With this latest increase, the estimated dividend yields from 2021 to 2023 are 3.19%, 2.83%, and 2.12% with an average dividend yield of 2.71%.
If you’re looking for a dividend stock to invest in, ALERUS FINANCIAL may be a good option for your list of considerations. With their commitment to shareholder returns and promising yields, this stock may be worth looking into.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alerus Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 37.59 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alerus Financial. More…
| Operations | Investing | Financing |
| 102.97 | -292.62 | 5.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alerus Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.89k | 3.53k | – |
Key Ratios Snapshot
Some of the financial key ratios for Alerus Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Alerus Financial Stock Fair Value Calculator
At GoodWhale, we recently conducted an analysis of ALERUS FINANCIAL‘s fundamentals. Our proprietary Valuation Line calculates the fair value of ALERUS FINANCIAL’s share to be around $20.9. Currently, ALERUS FINANCIAL’s stock is being traded at $14.2, which is undervalued by 32.1%. This presents investors with an intriguing buying opportunity as the market currently values ALERUS FINANCIAL below its true worth. More…
Peers
The company operates through its subsidiaries, Alerus Bank and Alerus Mortgage. Alerus Financial competes with Juniata Valley Financial Corp, John Marshall Bancorp Inc, and Jd Bancshares Inc.
– Juniata Valley Financial Corp ($OTCPK:JUVF)
Juniata Valley Financial Corp is a financial holding company that operates through its subsidiary banks, which engage in a full range of banking activities. The Company’s subsidiary banks include The Juniata Valley Bank, N.A. and First National Bank of Mifflintown. As of December 31, 2016, the Company operated through 20 banking offices located in central Pennsylvania.
– John Marshall Bancorp Inc ($OTCPK:JDVB)
Jd Bancshares Inc is a bank holding company. As of 2022, its market cap is 94.72M. The company provides a full range of banking services to its customers, including deposits, loans, and investment services. It also offers a variety of other financial services, such as trust services, foreign exchange, and money transfer services.
Summary
ALERUS FINANCIAL has announced a 5.6% increase in its quarterly dividend payout, now set at $0.19 per share. This is payable on July 14 to shareholders of record on June 15. For investors looking for a steady return on their investment, this increase in dividend could be an attractive option. ALERUS FINANCIAL has a long history of consistently paying dividends to shareholders and this increase is likely to further strengthen investor confidence in the stock.
However, it is important for potential investors to look beyond dividends and to consider the overall fundamentals of the company before making any decisions. ALERUS FINANCIAL has a strong balance sheet and a good track record of earnings and cash flow growth, which suggests it is well positioned for future success.
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