Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has declared quarterly cash dividends for both its Class A and Class B shareholders. The company will pay $0.21 per Class B nonvoting common share and $31.50 per Class A voting common share on January 27, 2025, to shareholders of record as of January 20, 2025.

This dividend announcement represents a 5.0% increase compared to the previous quarter's dividend payment. Per the company's Articles of Incorporation, Class B nonvoting common share dividends are set at 1/150th of the amount declared for each Class A voting common share. While ALPIB shares are publicly traded on the OTCQX® Best Market, Class A voting common shares are not publicly traded.

Positive

• 5.0% increase in quarterly dividend payment
• Consistent dividend distribution maintained
• Clear dividend policy with structured Class A to Class B ratio

Negative

• None.

GLENWOOD SPRINGS, Colo., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.21 per Class B nonvoting common share will be paid on January 27, 2025, to shareholders of record at the close of business on January 20, 2025. Per the Articles of Incorporation, dividends on the Class B nonvoting common stock shall be declared by the Board of Directors equal to one-one-hundred-fiftieth (1/150th) of the amount per share declared by the Board of Directors for each share of Class A voting common stock. Alpine Banks of Colorado Class B nonvoting common shares are publicly traded on the OTCQX® Best Market under the symbol “ALPIB.”

Additionally, a quarterly cash dividend of $31.50 per Class A voting common share will be paid on January 27, 2025, to shareholders of record at the close of business on January 20, 2025. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $31.50 per Class A voting common share and $0.21 per Class B nonvoting common share represents an increase of 5.0% over the dividend paid in the previous quarter.

About Alpine Banks of Colorado
Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.5 billion, independent, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. Alpine Bank employs 890 people and serves 170,000 customers with personal, business, wealth management*, mortgage, and electronic banking services across Colorado’s Western Slope, mountains, and Front Range. Alpine Bank has a five-star rating – meaning it has earned a superior performance classification – from BauerFinancial, an independent organization that analyzes and rates the performance of financial institutions in the United States. Shares of the Class B nonvoting common stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market. Learn more at www.alpinebank.com.

*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

Contact:	Eric Gardey, Chief Financial Officer
	Alpine Banks of Colorado
	(970) 384-3257
	ericgardey@alpinebank.com

FAQ

What is the dividend amount for Alpine Banks (ALPIB) Class B shares in Q1 2025?

Alpine Banks of Colorado will pay a dividend of $0.21 per Class B nonvoting common share for Q1 2025.

When is the ex-dividend date for Alpine Banks (ALPIB) Q1 2025 dividend?

Shareholders must be on record by January 20, 2025, to receive the dividend payment scheduled for January 27, 2025.

How much did Alpine Banks (ALPIB) increase its dividend in Q1 2025?

Alpine Banks increased its dividend by 5.0% compared to the previous quarter.

What is the ratio between Alpine Banks Class A and Class B dividend payments?

Class B nonvoting common stock dividends are set at 1/150th of the amount declared for Class A voting common stock.