ALERUS FINL COR/SH (ALRS) to Issue Quarterly Dividend of $0.15 on April 10th

ALERUS FINL COR/SH (OTCMKTS:ALRS) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Friday, March 20th will be given a dividend of 0.15 per share on Friday, April 10th. This represents a $0.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, March 19th.

ALRS stock opened at $21.70 on Friday. The company’s 50 day moving average is $21.67 and its 200 day moving average is $21.53. ALERUS FINL COR/SH has a 1-year low of $18.70 and a 1-year high of $24.00.

ALERUS FINL COR/SH (OTCMKTS:ALRS) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. The company had revenue of $54.89 million during the quarter, compared to the consensus estimate of $46.40 million.

Separately, Zacks Investment Research cut shares of ALERUS FINL COR/SH from a “hold” rating to a “strong sell” rating in a research report on Friday, January 31st.

ALERUS FINL COR/SH Company Profile

Alerus Financial Corporation, through its subsidiaries, provides various financial services for individuals, families, and businesses. It offers checking and savings accounts, certificates of deposit, personal loans, lines of credit, debit and credit cards, deposit and payment solutions, and mobile wallet, as well as online banking and bill pay, mobile banking, and private banking services.

See Also: What is Green Investing?

Receive News & Ratings for ALERUS FINL COR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALERUS FINL COR/SH and related companies with MarketBeat.com's FREE daily email newsletter.