Northrim Bancorp's most recent quarterly dividend payment of $0.61 per share was made to shareholders on record before Jun 6, 2024. The payout stands at $2.42 per share annually, which works out to a dividend yield of 3.39%.
Northrim Bancorp's dividend yield of 3.39% is higher than the Financial Services sector and the industry average but lower than its peers average. In comparison with the Financial Services sector average of 2.83%, Northrim Bancorp's dividend yield is 20% higher. Historically NRIM's dividend yield has averaged at 4.1% in the last 5 years, which is higher than the current one.
Northrim Bancorp has been paying dividends for the last 25 years. According to our data NRIM has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 10% for the last year. However since the stock price has gone up by 53% from a year ago, the dividend yield has decreased by 28%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Jun 6, 2024 | Jun 14, 2024 | May 24, 2024 | $0.61 | normal |
Mar 6, 2024 | Mar 15, 2024 | Jan 25, 2024 | $0.61 | normal |
Dec 13, 2023 | Dec 22, 2023 | Dec 1, 2023 | $0.6 | normal |
Sep 6, 2023 | Sep 15, 2023 | Aug 25, 2023 | $0.6 | normal |
Jun 7, 2023 | Jun 16, 2023 | May 26, 2023 | $0.6 | normal |
Mar 8, 2023 | Mar 17, 2023 | Feb 24, 2023 | $0.6 | normal |
Dec 14, 2022 | Dec 23, 2022 | Dec 2, 2022 | $0.5 | normal |
Sep 7, 2022 | Sep 16, 2022 | Aug 26, 2022 | $0.5 | normal |
Jun 8, 2022 | Jun 17, 2022 | May 27, 2022 | $0.41 | normal |
Mar 9, 2022 | Mar 18, 2022 | Feb 25, 2022 | $0.41 | normal |
Dec 15, 2021 | Dec 23, 2021 | Dec 3, 2021 | $0.38 | normal |
Sep 8, 2021 | Sep 17, 2021 | Aug 27, 2021 | $0.38 | normal |
Jun 9, 2021 | Jun 18, 2021 | May 28, 2021 | $0.37 | normal |
Mar 10, 2021 | Mar 19, 2021 | Feb 26, 2021 | $0.37 | normal |
Dec 16, 2020 | Dec 24, 2020 | Dec 4, 2020 | $0.35 | normal |
Sep 9, 2020 | Sep 18, 2020 | Aug 28, 2020 | $0.35 | normal |
Jun 10, 2020 | Jun 19, 2020 | May 28, 2020 | $0.34 | normal |
Mar 11, 2020 | Mar 20, 2020 | Feb 27, 2020 | $0.34 | normal |
Dec 18, 2019 | Dec 27, 2019 | Dec 6, 2019 | $0.33 | normal |
Sep 4, 2019 | Sep 13, 2019 | Aug 22, 2019 | $0.33 | normal |
Jun 5, 2019 | Jun 14, 2019 | May 23, 2019 | $0.3 | normal |
Mar 13, 2019 | Mar 22, 2019 | Feb 28, 2019 | $0.3 | normal |
Dec 12, 2018 | Dec 21, 2018 | Nov 29, 2018 | $0.27 | normal |
Sep 5, 2018 | Sep 14, 2018 | Aug 23, 2018 | $0.27 | normal |
Jun 6, 2018 | Jun 15, 2018 | May 25, 2018 | $0.24 | normal |
Mar 7, 2018 | Mar 16, 2018 | Feb 22, 2018 | $0.24 | normal |
Dec 6, 2017 | Dec 15, 2017 | Nov 16, 2017 | $0.22 | normal |
Sep 6, 2017 | Sep 15, 2017 | Aug 24, 2017 | $0.22 | normal |
Jun 6, 2017 | Jun 16, 2017 | May 25, 2017 | $0.21 | normal |
Mar 7, 2017 | Mar 17, 2017 | Feb 24, 2017 | $0.21 | normal |
Dec 6, 2016 | Dec 16, 2016 | Nov 18, 2016 | $0.2 | normal |
Sep 13, 2016 | Sep 23, 2016 | Aug 26, 2016 | $0.2 | normal |
Northrim Bancorp's payout ratio of 46.8% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 41.2%, Northrim Bancorp's payout ratio is 14% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
KEY Keycorp | 4.98% | $0.82 | 103.8% |
HTBK Heritage Commerce Corp | 4.88% | $0.52 | 56.5% |
PPBI Pacific Premier Bancorp Inc | 4.83% | $1.32 | 942.9% |
CVBF Cvb Financial Corp | 3.99% | $0.8 | 52.6% |
NRIM Northrim Bancorp Inc | 3.39% | $2.42 | 46.8% |
CATY Cathay General Bancorp | 3.01% | $1.36 | 29.9% |
EWBC East West Bancorp Inc | 2.34% | $2.06 | 25.8% |
WFC Wells Fargo & Company | 2.32% | $1.4 | 28.9% |
Yes, Northrim Bancorp has paid four dividends in the last 12 months. NRIM has been paying dividends since 1999.
Currently NRIM's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in September 2024.
Northrim Bancorp's last dividend ex-date was on Jun 6, 2024. The dividend amount was $0.61 per share.
On an annual basis NRIM pays $2.42 per share.
Northrim Bancorp's current dividend yield is 3.39%.
Northrim Bancorp pays dividends quarterly.
Northrim Bancorp's dividend payout ratio is 46.8%.
Northrim Bancorp's dividend yield is higher than the Financial Services sector average.