Alerus Financial Raises Dividend 4.8%

Dow Jones

May 23

By Katherine Hamilton

Alerus Financial raised its quarterly cash dividend 4.8% to 22 cents a share.

The new dividend will be payable on July 10 to shareholders of record as of June 26, the Minneapolis-based bank said Friday.

The new payout, equal to 88 cents a year, represents an annual yield of 3.1% based on Friday's closing price of $28.05.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 22, 2026 16:44 ET (20:44 GMT)

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