Alerus Financial Corporation Declares Cash Dividend on Common Shares

Rhea-AI Summary

Alerus Financial Corporation (NASDAQ: ALRS) announced a regular quarterly cash dividend of $0.21 per common share, declared Feb 25, 2026, representing a 5.00% increase versus the prior year.

The dividend is payable on April 10, 2026 to stockholders of record at close of business on March 27, 2026. Current and historical dividend and quarterly financial information are available via the company investor relations site.

Positive

• Dividend increased 5.00% year-over-year
• Quarterly cash dividend set at $0.21 per share
• Dividend payable April 10, 2026 to recordholders on March 27, 2026

Negative

• None.

MINNEAPOLIS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.21 per common share on February 25, 2026, a 5.00% increase over the dividend paid a year ago. The dividend is payable on April 10, 2026, to stockholders of record as of close of business on March 27, 2026. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com. 

About Alerus Financial Corporation
Alerus Financial Corporation (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider with corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. Through its subsidiary, Alerus Financial, National Association (the “Bank”), Alerus provides diversified and comprehensive financial solutions to business and consumer clients, including banking, wealth services, and retirement and benefit plans and services. Alerus provides clients with a primary point of contact to help fully understand their unique needs and delivery channel preferences. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet their needs. Alerus operates 26 banking and commercial wealth offices, with locations in Grand Forks and Fargo, North Dakota; the Minneapolis-St. Paul, Minnesota metropolitan area; Rochester, Minnesota; Southern Minnesota; Marshalltown, Iowa; Pewaukee, Wisconsin; and Phoenix and Scottsdale, Arizona. The Alerus Retirement and Benefit business serves advisors, brokers, employers, and plan participants across the United States. 

Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. 

Al Villalon, Investor Relations
952.417.3733
Al.Villalon@alerus.com
investors.alerus.com

FAQ

What dividend did Alerus (ALRS) declare on February 25, 2026?

Alerus declared a regular quarterly cash dividend of $0.21 per common share. According to Alerus, this represents a 5.00% increase from the dividend paid a year earlier and is part of its regular shareholder distributions.

When will the ALRS dividend be paid and who is eligible for the April 10, 2026 payment?

The dividend is payable on April 10, 2026 to stockholders of record as of close of business on March 27, 2026. According to Alerus, holders on the March 27 record date will receive the April payment.

How much did Alerus increase its dividend compared to last year for ALRS shareholders?

Alerus increased the dividend by 5.00% year-over-year to $0.21 per share. According to Alerus, the change reflects the board's approved regular quarterly cash dividend adjustment.

Where can investors find Alerus (ALRS) historical dividends and related financial documents?

Investors can access current and historical dividend information, quarterly financial statements, and presentations on the company investor relations website. According to Alerus, materials are available at the investor relations site for review.

Does the ALRS dividend declaration on Feb 25, 2026 affect shareholder record dates?

Yes — the board set the record date as March 27, 2026 for the dividend payable April 10, 2026. According to Alerus, only shareholders of record at close of business on March 27 will be eligible.