Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has declared a quarterly cash dividend of $0.18 per Class B nonvoting common share, to be paid on October 31, 2022. Shareholders of record as of October 24, 2022 will be eligible. This dividend is consistent with the previous quarter's payout. Additionally, a $27.00 dividend per Class A voting common share will also be paid, though these shares are not publicly traded. Alpine Banks is a $6.1 billion organization with over 800 employees serving 160,000 customers across Colorado.

Positive

• Dividend of $0.18 per Class B nonvoting common share reflects stable earnings.
• Consistent dividend payouts signal strong financial health and shareholder confidence.

Negative

• None.

Glenwood Springs, Colo., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.18 per Class B nonvoting common share will be paid on October 31, 2022, to shareholders of record at the close of business on October 24, 2022. 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 $27.00 per Class A voting common share will be paid on October 31, 2022, to shareholders of record at the close of business on October 24, 2022. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $27.00 per Class A voting common share and $0.18 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 $6.1 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado, Alpine Bank employs more than 800 people and serves more than 160,000 customers with personal, business, wealth management*, mortgage and electronic banking services. Learn more at www.alpinebank.com. Shares of the Class B nonvoting common stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market.

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

FAQ

What is the dividend amount for ALPIB for Q4 2022?

The dividend amount for ALPIB is $0.18 per Class B nonvoting common share.

When will the ALPIB dividend be paid?

The ALPIB dividend will be paid on October 31, 2022.

Who is eligible for the ALPIB dividend?

Shareholders of record at the close of business on October 24, 2022, are eligible for the ALPIB dividend.

What was the dividend amount for ALPIB in the previous quarter?

The dividend amount for ALPIB in the previous quarter was also $0.18 per Class B nonvoting common share.

Are the Class A shares of ALPIB publicly traded?

No, the Class A voting common shares are not publicly traded.