NRIM Northrim Bancorp dividend history, payout ratio & dates
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 2.87%. The latest NRIM stock dividend of $0.62 is an increase from the previous $0.61 distribution, representing a growth of 1.6%.
Key dates
- NRIM last dividend date: Sep 5, 2024
NRIM dividend stats
vs. Financial Services sector
Dividend yield
Northrim Bancorp's dividend yield of 2.87% 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 2.58%, Northrim Bancorp's dividend yield is 11% higher. Historically NRIM's dividend yield has averaged at 4.1% in the last 5 years, which is higher than the current one.
Dividend history
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 73% from a year ago, the dividend yield has decreased by 38%.
Recent dividends
| 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 dividend payout ratio
Payout ratio
Northrim Bancorp's payout ratio of 41.2% is above its peers average but below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 44%, Northrim Bancorp's payout ratio is 6% lower.
Total amount of dividends paid per financial year (from cash flow)
NRIM dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HTBK Heritage Commerce Corp | 4.86% | $0.52 | 73.2% |
| PPBI Pacific Premier Bancorp Inc | 4.73% | $1.32 | N/A |
| KEY Keycorp | 4.27% | $0.82 | 8,200% |
| CVBF Cvb Financial Corp | 3.45% | $0.8 | 55.9% |
| NRIM Northrim Bancorp Inc | 2.87% | $2.44 | 41.2% |
| CATY Cathay General Bancorp | 2.64% | $1.36 | 34.2% |
| PLBC Plumas Bancorp | 2.3% | $1.08 | 22.4% |
| EWBC East West Bancorp Inc | 2.06% | $2.2 | 27.6% |
| WFC Wells Fargo & Company | 2% | $1.5 | 30.7% |
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 was NRIM's last dividend?
Northrim Bancorp's last dividend ex-date was on Sep 5, 2024. The dividend amount was $0.62 per share.
How much dividend does Northrim Bancorp pay (per share)?
On an annual basis NRIM pays $2.44 per share.
What is Northrim Bancorp's dividend yield?
Northrim Bancorp's current dividend yield is 2.87%.
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 41.2%.
Does Northrim Bancorp pay a good dividend?
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.