Alerus Finl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Alerus Financial Corp (NASDAQ:ALRS) announced a quarterly dividend of 19 cents per share, with Monday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on January 12, 2024.
December 21, 2023 | 2:45 pm
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Alerus Financial Corp will pay a quarterly dividend of 19 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of ALRS is likely to drop in the short term by the amount of the dividend as it goes ex-dividend, which is a common occurrence as the value of the dividend is no longer included in the stock price.
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