Northrim Bancorp's most recent quarterly dividend payment of $0.6 per share was made to shareholders on record before Mar 8, 2023. The payout stands at $2.01 per share annually, which works out to a dividend yield of 5.3%. The latest NRIM stock dividend of $0.6 is an increase from the previous $0.5 distribution, representing a growth of 20%.
Northrim Bancorp's dividend yield of 5.3% 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 3.91%, Northrim Bancorp's dividend yield is 36% higher. Historically NRIM's dividend yield has averaged at 3.6% in the last 5 years, which is lower than the current one.
Northrim Bancorp has been paying dividends for the last 24 years. According to our data NRIM has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 31% for the last year. And since the stock price has gone down by 9% from a year ago, the dividend yield has increased by 43%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 40.5% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 32.1%, Northrim Bancorp's payout ratio is 26% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KEY Keycorp | 8.67% | $0.81 | 45.5% |
| HTBK Heritage Commerce Corp | 7.14% | $0.52 | 43.7% |
| PPBI Pacific Premier Bancorp Inc | 7.01% | $1.32 | 44.9% |
| CVBF Cvb Financial Corp | 6.58% | $0.79 | 44.6% |
| NRIM Northrim Bancorp Inc | 5.3% | $2.01 | 40.5% |
| CATY Cathay General Bancorp | 4.65% | $1.36 | 26.3% |
| EWBC East West Bancorp Inc | 3.68% | $1.76 | 20.5% |
| WFC Wells Fargo & Company | 3.01% | $1.2 | 34% |
Yes, Northrim Bancorp has paid four dividends in the last 12 months. NRIM has been paying dividends since 1999.
NRIM has announced its next dividend with ex-date Jun 7, 2023.
Northrim Bancorp's last dividend ex-date was on Mar 8, 2023. The dividend amount was $0.6 per share.
On an annual basis NRIM pays $2.01 per share.
Northrim Bancorp's current dividend yield is 5.3%.
Northrim Bancorp pays dividends quarterly.
Northrim Bancorp's dividend payout ratio is 40.5%.
Northrim Bancorp's dividend yield is higher than the Financial Services sector average.