Alerus Financial declares $0.19 dividend (+5.56% YoY) and new share repurchase program

ALERUS FINANCIAL CORP

Declared $0.19/share cash dividend, 5.56% increase over prior year; payable Jan 12, 2024 to holders of record Dec 27, 2023.
Board approved new stock repurchase program for up to 1,000,000 shares, effective Feb 18, 2024 through Feb 18, 2027, replacing prior program.
New program allows open-market or 10b5-1 purchases; no obligation to repurchase; timing depends on market conditions.

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