Alerus Financial Corporation
ALRS22 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
2.64%
Annual Dividend
$0.88
Payout Ratio
79%
5-Yr Growth
6.7%
Ex-Date
Sep 25, 2026
Frequency
Quarterly
Summary
As of September 2026, Alerus Financial Corporation (ALRS) yields 2.64% ($0.88 per share annually), with a blended fair-value estimate of $35.66 — +8% upside, so it screens as fairly valued. Dividend safety grade: A (91/100). 22 years of dividend growth.
Is ALRS a good dividend stock?
YesAlerus Financial Corporation (ALRS) pays a quarterly dividend yielding 2.64% ($0.88/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 22 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 6.7% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.64%
- Payout Ratio
- 79%
- Annual Dividend
- $0.88
- 5-Yr Avg Growth
- 6.7%
- Ex-Dividend Date
- Sep 25, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.69
- Market Cap
- $831.8M
- P/E Ratio
- 30.9
- 5-Yr Total Return
- 11%
- 52-Week Range
- $20.31 – $34.40
- Dividend Safety
- A · 91/100
- Ever Cut?
- No
Frequently Asked Questions
ALRS Price — Last 12 Months
Daily close
Price Return
1 Year
+50%
3 Years
+82%
5 Years
+11%
52-Week Range
$20.31 – $34.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ALRS worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Alerus Financial Corporation is $35.66 per share, versus a market price of $33.12. That implies the stock is roughly fairly priced.
Fair Value
$35.66
Current Price
$33.12
Gap
+8%
Margin of Safety
7%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 15.9% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.08 EPS, $0.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ALRS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.2200 | regular |
| Mar 27, 2026 | — | $0.2100 | regular |
| Dec 26, 2025 | — | $0.2100 | regular |
| Sep 26, 2025 | — | $0.2100 | regular |
| Jun 27, 2025 | — | $0.2100 | regular |
| Mar 14, 2025 | — | $0.2000 | regular |
| Dec 27, 2024 | — | $0.2000 | regular |
| Sep 13, 2024 | — | $0.2000 | regular |
| Jun 14, 2024 | — | $0.2000 | regular |
| Mar 14, 2024 | — | $0.1900 | regular |
| Dec 26, 2023 | — | $0.1900 | regular |
| Sep 14, 2023 | — | $0.1900 | regular |
| Jun 14, 2023 | — | $0.1900 | regular |
| Mar 14, 2023 | — | $0.1800 | regular |
Income Calculator
At $0.88 / yr per share
