Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.20 per Class B nonvoting common share, payable on July 29, 2024, to shareholders of record as of July 22, 2024.

According to the Articles of Incorporation, dividends for Class B shares are set at 1/150th of those for Class A shares. The Class A voting common shares, which are not publicly traded, will receive a $30.00 dividend per share, also payable on July 29, 2024. This dividend amount remains consistent with the previous quarter's payout.

Positive

• Quarterly cash dividend of $0.20 per Class B nonvoting common share.
• Dividend consistency: Payouts unchanged from the previous quarter.

Negative

• None.

News Market Reaction – ALPIB

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GLENWOOD SPRINGS, Colo., July 11, 2024 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.20 per Class B nonvoting common share will be paid on July 29, 2024, to shareholders of record at the close of business on July 22, 2024. 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 $30.00 per Class A voting common share will be paid on July 29, 2024, to shareholders of record at the close of business on July 22, 2024. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $30.00 per Class A voting common share and $0.20 per Class B nonvoting common share is unchanged from 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

When will Alpine Banks of Colorado pay the next dividend for ALPIB?

Alpine Banks of Colorado will pay the next dividend for ALPIB on July 29, 2024.

How much is the dividend for Alpine Banks of Colorado Class B nonvoting common shares?

The dividend for Alpine Banks of Colorado Class B nonvoting common shares is $0.20 per share.

What is the record date for the upcoming dividend of ALPIB?

The record date for the upcoming ALPIB dividend is July 22, 2024.

How does the dividend for ALPIB compare to the previous quarter?

The dividend for ALPIB remains unchanged from the previous quarter.