Alerus Financial declares $0.22 dividend and authorizes new 1.25 million share buyback
Alerus Financial declared a quarterly cash dividend of $0.22 per share, a 4.76% increase over the dividend paid a year earlier, payable October 9, 2026 to holders of record on September 25, 2026. The board also approved a new stock repurchase program for up to 1,250,000 shares, which takes effect once the prior program's remaining authorization is used up or the prior program ends, and runs through August 26, 2029. The company is not obligated to buy any shares under the new program.
Key points
- Quarterly dividend of $0.22 per share, payable October 9, 2026 to holders of record September 25, 2026
- Dividend is 4.76% above the amount paid a year ago
- New repurchase program authorizes up to 1,250,000 shares and expires August 26, 2029
- About 320,033 shares remained under the prior program as of August 26, 2026; the prior program is scheduled to expire February 18, 2027
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.