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NRIM Northrim Bancorp dividend history, payout ratio & dates

Northrim Bancorp's most recent quarterly dividend payment of $0.5 per share was made to shareholders on record before Sep 7, 2022. The payout stands at $1.7 per share annually, which works out to a dividend yield of 3.08%. The latest NRIM stock dividend of $0.5 is an increase from the previous $0.41 distribution, representing a growth of 22%.

Key dates

  • NRIM last dividend date: Sep 7, 2022
  • NRIM next dividend date: Dec 14, 2022
NRIM dividend stats
DPS
$1.7
Dividend yield
3.07%
Payout ratio
32.9%
vs. Financial Services sector
Dividend yield
2.73%
Payout ratio
30.7%

Dividend yield

What is Northrim Bancorp current dividend yield

Northrim Bancorp's dividend yield of 3.08% 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 2.73%, Northrim Bancorp's dividend yield is 13% higher. Historically NRIM's dividend yield has averaged at 3.5% in the last 5 years, which is higher than the current one.

Dividend history

What is NRIM dividend payout history and dates

Northrim Bancorp has been paying dividends for the last 23 years. According to our data NRIM has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 16% for the last year. However since the stock price has gone up by 27% from a year ago, the dividend yield has decreased by 9%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 dividend payout ratio

What is Northrim Bancorp dividend payout ratio compared to the sector

Payout ratio

Northrim Bancorp's payout ratio of 32.9% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 30.7%, Northrim Bancorp's payout ratio is 7% higher.

Total amount of dividends paid per financial year (from cash flow)

NRIM dividend vs peer dividends

How does NRIM dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
KEY Keycorp 4.6% $0.79 35.7%
UMPQ Umpqua Holdings Corp 4.56% $0.84 53.2%
HTBK Heritage Commerce Corp 3.85% $0.52 53.1%
PPBI Pacific Premier Bancorp Inc 3.82% $1.32 42.3%
CATY Cathay General Bancorp 3.11% $1.36 30.1%
NRIM Northrim Bancorp Inc 3.07% $1.7 32.9%
CVBF Cvb Financial Corp 2.75% $0.75 48.4%
WFC Wells Fargo & Company 2.58% $1.1 28.3%
EWBC East West Bancorp Inc 2.43% $1.6 22.4%

Frequently asked questions

Does Northrim Bancorp pay a dividend?

Yes, Northrim Bancorp has paid four dividends in the last 12 months. NRIM has been paying dividends since 1999.

When is Northrim Bancorp's next dividend?

NRIM has announced its next dividend with ex-date Dec 14, 2022.

When was NRIM's last dividend?

Northrim Bancorp's last dividend ex-date was on Sep 7, 2022. The dividend amount was $0.5 per share.

How much dividend does Northrim Bancorp pay (per share)?

On an annual basis NRIM pays $1.7 per share.

What is Northrim Bancorp's dividend yield?

Northrim Bancorp's current dividend yield is 3.08%.

How often does Northrim Bancorp pay dividends?

Northrim Bancorp pays dividends quarterly.

What is Northrim Bancorp's dividend payout ratio?

Northrim Bancorp's dividend payout ratio is 32.9%.

Does Northrim Bancorp pay a good dividend?

Northrim Bancorp's dividend yield is higher than the Financial Services sector average.