Alerus Financial Corporation Declares Cash Dividend on Common Shares

Rhea-AI Summary

Alerus Financial (NASDAQ: ALRS) declared a regular quarterly cash dividend of $0.22 per common share, approved on May 21, 2026. This dividend is a 4.76% increase from a year earlier and will be paid on July 10, 2026 to shareholders of record on June 26, 2026.

Positive

• Quarterly dividend set at $0.22 per common share
• Dividend per share up 4.76% year over year
• Clear dividend timetable with June 26 record date and July 10 payment

Negative

• None.

News Market Reaction – ALRS

+2.82%

+2.82% Session close to close

In the May 26 session, ALRS gained 2.82%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MINNEAPOLIS, May 22, 2026 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.22 per common share on May 21, 2026, a 4.76% increase over the dividend paid a year ago. The dividend is payable on July 10, 2026, to stockholders of record as of close of business on June 26, 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 advisory services 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 advisory 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 Financial (NASDAQ: ALRS) declare on May 22, 2026?

Alerus Financial declared a regular quarterly cash dividend of $0.22 per common share. According to Alerus, this represents a 4.76% increase over the dividend paid a year earlier, signaling continued cash returns to shareholders.

When is the Alerus Financial (ALRS) dividend payment date for July 2026?

The Alerus Financial dividend will be paid on July 10, 2026. According to Alerus, shareholders of record as of the close of business on June 26, 2026 will receive the $0.22 per share cash dividend.

What is the record date for the Alerus Financial (ALRS) $0.22 quarterly dividend?

The record date for the Alerus Financial $0.22 dividend is June 26, 2026. According to Alerus, investors holding ALRS shares at the close of business that day will be eligible for the cash dividend payable on July 10, 2026.

How much did Alerus Financial (ALRS) increase its quarterly dividend year over year?

Alerus Financial increased its quarterly dividend by 4.76% compared with a year ago. According to Alerus, the current regular quarterly cash dividend is $0.22 per common share, reflecting this year-over-year rise for income-focused shareholders.

Where can investors find Alerus Financial (ALRS) dividend and earnings information?

Investors can access Alerus dividend details and financials on its investor relations website. According to Alerus, current and historical dividends, quarterly financial statements, investor presentations, and earnings call transcripts are available at investors.alerus.com for comprehensive research.