Alerus Financial to Pay Dividend of $0.21 per Share on January 9th

Alerus Financial (NASDAQ:ALRS) is paying a dividend of $0.21 per share on January 9, which is 3.6% of the current stock price, above the industry average. The company has a long history of paying dividends and a payout ratio of 41%, indicating that earnings cover dividends. Analysts predict EPS growth of 24.8% over the next three years, with a future payout ratio of 35%. The dividend has grown from $0.40 in 2015 to $0.84 in 2022, with a 7.7% annual growth rate.