First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit. The company also originates one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans, as well as consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. It operates through 12 full-service branches and a lending center in Seattle. The company was founded in 1923 and is based in Port Angeles, Washington.
First Northwest Bancorp Dividend Announcement
• First Northwest Bancorp announced a quarterly dividend of $0.07 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• First Northwest Bancorp annual dividend for 2024 was $0.28
• First Northwest Bancorp annual dividend for 2023 was $0.28
• First Northwest Bancorp's trailing twelve-month (TTM) dividend yield is 2.6%
• First Northwest Bancorp's payout ratio for the trailing twelve months (TTM) is -47.07%
• First Northwest Bancorp's dividend growth over the last five years (2018-2023) was 56.32% year
First Northwest Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.07 | quarterly | 2024-11-22 |
2024-08-09 | $0.07 | quarterly | 2024-08-23 |
2024-05-09 | $0.07 | quarterly | 2024-05-24 |
2024-02-08 | $0.07 | quarterly | 2024-02-23 |
2023-11-09 | $0.07 | quarterly | 2023-11-24 |
2023-08-10 | $0.07 | quarterly | 2023-08-25 |
2023-05-11 | $0.07 | quarterly | 2023-05-26 |
2023-02-09 | $0.07 | quarterly | 2023-02-24 |
2022-11-09 | $0.07 | quarterly | 2022-11-25 |
2022-08-11 | $0.07 | quarterly | 2022-08-26 |
2022-05-12 | $0.07 | quarterly | 2022-05-27 |
2022-02-10 | $0.07 | quarterly | 2022-02-25 |
2021-11-10 | $0.07 | quarterly | 2021-11-26 |
2021-08-12 | $0.06 | quarterly | 2021-08-27 |
2021-05-13 | $0.06 | quarterly | 2021-05-26 |
2021-02-11 | $0.06 | quarterly | 2021-02-26 |
2020-11-12 | $0.06 | quarterly | 2020-11-27 |
2020-08-13 | $0.05 | quarterly | 2020-08-28 |
2020-05-14 | $0.05 | quarterly | 2020-05-29 |
2020-02-20 | $0.05 | quarterly | 2020-03-06 |
2019-11-21 | $0.04 | quarterly | 2019-12-06 |
2019-08-22 | $0.03 | quarterly | 2019-09-06 |
2019-06-06 | $0.03 | quarterly | 2019-06-21 |
2019-03-07 | $0.03 | quarterly | 2019-03-22 |
2018-11-29 | $0.03 | quarterly | 2018-12-14 |
First Northwest Bancorp Dividend per year
First Northwest Bancorp Dividend growth
First Northwest Bancorp Dividend Yield
First Northwest Bancorp current trailing twelve-month (TTM) dividend yield is 2.6%. Interested in purchasing First Northwest Bancorp stock? Use our calculator to estimate your expected dividend yield:
First Northwest Bancorp Financial Ratios
First Northwest Bancorp Dividend FAQ
Other factors to consider when evaluating First Northwest Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Northwest Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Northwest Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Northwest Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Northwest Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Northwest Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Northwest Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Northwest Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Northwest Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Northwest Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.