Alerus Financial Raises Quarterly Dividend to 22 Cents, Up 4.8%
feedReported by Dow Jones Newswires
Sentiment
Positive
Importance
7
Price
$28.05
Mkt Cap
$704.859M
52W Low
$20.26
52W High
$28.4
Market data snapshot near publication time
summarizeSummary
Alerus Financial announced a quarterly dividend increase to $0.22 per share, up from $0.21. This 4.8% increase follows the company's strong Q1 2026 net income report and the recent sale of a $33.6 million non-performing loan. The dividend hike reflects management's confidence in the company's ongoing financial performance and commitment to shareholder returns.
At the time of this announcement, ALRS was trading at $28.05 on NASDAQ in the Finance sector, with a market capitalization of approximately $704.9M. The 52-week trading range was $20.26 to $28.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.
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