Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has declared its quarterly dividend payments for both share classes. The company will distribute a quarterly cash dividend of $0.21 per Class B nonvoting common share and $31.50 per Class A voting common share on April 28, 2025, to shareholders of record as of April 21, 2025.

The dividend amounts remain unchanged from the previous quarter. As 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

• Consistent quarterly dividend maintained, showing financial stability
• Regular income stream for shareholders continues

Negative

• No dividend growth compared to previous quarter

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, ALPIB declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GLENWOOD SPRINGS, Colo., April 10, 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 April 28, 2025, to shareholders of record at the close of business on April 21, 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 April 28, 2025, to shareholders of record at the close of business on April 21, 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 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

What is the dividend amount for Alpine Banks (ALPIB) Class B shares in Q2 2025?

Alpine Banks will pay $0.21 per Class B nonvoting common share for Q2 2025.

When is the dividend payment date for Alpine Banks (ALPIB) shareholders?

The dividend payment date is April 28, 2025, for shareholders of record as of April 21, 2025.

Has Alpine Banks (ALPIB) changed its dividend amount compared to the previous quarter?

No, the dividend amount of $0.21 per Class B share remains unchanged from the previous quarter.

What is the ratio between Alpine Banks Class A and Class B share dividends?

Class B share dividends are set at 1/150th of Class A share dividends, per the Articles of Incorporation.