---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019768"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T13:16:09.094333+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-019768
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000155837023019768/0001558370-23-019768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000155837023019768/alrs-20231212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019768
- JSON: https://secwatch.observer/filing/0001558370-23-019768.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019768.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.