Northrim Bancorp's most recent dividend payment of $0.62 per share was made to shareholders on record before Sep 5, 2024. The payout stands at $2.44 per share annually, which works out to a dividend yield of 3.63%. The latest NRIM stock dividend of $0.62 is an increase from the previous $0.61 distribution, representing a growth of 1.6%.
Northrim Bancorp's dividend yield of 3.63% 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 2.97%, Northrim Bancorp's dividend yield is 22% 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 6% for the last year. However since the stock price has gone up by 74% from a year ago, the dividend yield has decreased by 39%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Sep 5, 2024 | $0.62 | 3.74% |
Jun 6, 2024 | $0.61 | 4.46% |
Mar 6, 2024 | $0.61 | 4.9% |
Dec 13, 2023 | $0.6 | 4.31% |
Sep 6, 2023 | $0.6 | 5.66% |
Jun 7, 2023 | $0.6 | 5.36% |
Mar 8, 2023 | $0.6 | 3.95% |
Dec 14, 2022 | $0.5 | 3.34% |
Sep 7, 2022 | $0.5 | 4.18% |
Jun 8, 2022 | $0.41 | 3.8% |
Mar 9, 2022 | $0.41 | 3.5% |
Dec 15, 2021 | $0.38 | 3.48% |
Sep 8, 2021 | $0.38 | 3.49% |
Jun 9, 2021 | $0.37 | 3.23% |
Mar 10, 2021 | $0.37 | 3.06% |
Dec 16, 2020 | $0.35 | 4.08% |
Sep 9, 2020 | $0.35 | 4.85% |
Jun 10, 2020 | $0.34 | 5.33% |
Mar 11, 2020 | $0.34 | 4.62% |
Dec 18, 2019 | $0.33 | 3.22% |
Sep 4, 2019 | $0.33 | 3.34% |
Jun 5, 2019 | $0.3 | 3.41% |
Mar 13, 2019 | $0.3 | 2.92% |
Dec 12, 2018 | $0.27 | 3.02% |
Sep 5, 2018 | $0.27 | 2.18% |
Jun 6, 2018 | $0.24 | 2.28% |
Mar 7, 2018 | $0.24 | 2.47% |
Dec 6, 2017 | $0.22 | 2.28% |
Sep 6, 2017 | $0.22 | 2.84% |
Jun 6, 2017 | $0.21 | 2.71% |
Mar 7, 2017 | $0.21 | 2.83% |
Dec 6, 2016 | $0.2 | 2.74% |
Sep 13, 2016 | $0.2 | 3.02% |
Jun 14, 2016 | $0.19 | 3.01% |
Mar 8, 2016 | $0.19 | 3.14% |
Dec 8, 2015 | $0.19 | 2.6% |
Sep 8, 2015 | $0.19 | 2.58% |
Jun 9, 2015 | $0.18 | 2.76% |
Mar 10, 2015 | $0.18 | 2.96% |
Northrim Bancorp's payout ratio of 41.9% is above the industry average but below the Financial Services sector and its peers average. But compared to its Financial Services sector average of 43.4%, Northrim Bancorp's payout ratio is only 3.5% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
HTBK Heritage Commerce Corp | 5.52% | $0.52 | 65% |
PPBI Pacific Premier Bancorp Inc | 5.44% | $1.32 | N/A |
KEY Keycorp | 5.01% | $0.82 | 106.5% |
CVBF Cvb Financial Corp | 4.43% | $0.8 | 54.1% |
NRIM Northrim Bancorp Inc | 3.63% | $2.44 | 41.9% |
CATY Cathay General Bancorp | 3.26% | $1.36 | 32.5% |
WFC Wells Fargo & Company | 2.64% | $1.45 | 29.4% |
EWBC East West Bancorp Inc | 2.63% | $2.13 | 27.1% |
Yes, Northrim Bancorp has paid four dividends in the last 12 months. NRIM has been paying dividends since 1999.
Northrim Bancorp's last dividend ex-date was on Sep 5, 2024. The dividend amount was $0.62 per share.
On an annual basis NRIM pays $2.44 per share.
Northrim Bancorp's current dividend yield is 3.63%.
Northrim Bancorp pays dividends quarterly.
Northrim Bancorp's dividend payout ratio is 41.9%.
Northrim Bancorp's dividend yield is higher than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.