Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and text banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, business employee purchase cards, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage brokerage services. As of January 28, 2022, the company operated 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.
Northrim BanCorp Dividend Announcement
• Northrim BanCorp announced a quarterly dividend of $0.62 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-09-05
• Northrim BanCorp annual dividend for 2024 was $1.84
• Northrim BanCorp annual dividend for 2023 was $2.40
• Northrim BanCorp's trailing twelve-month (TTM) dividend yield is 4.5%
• Northrim BanCorp's payout ratio for the trailing twelve months (TTM) is 41.93%
• Northrim BanCorp's dividend growth over the last five years (2018-2023) was 18.66% year
• Northrim BanCorp's dividend growth over the last ten years (2013-2023) was 14.13% year
Northrim BanCorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-05 | $0.62 | quarterly | 2024-09-13 |
| 2024-06-06 | $0.61 | quarterly | 2024-06-14 |
| 2024-03-06 | $0.61 | quarterly | 2024-03-15 |
| 2023-12-13 | $0.60 | quarterly | 2023-12-22 |
| 2023-09-06 | $0.60 | quarterly | 2023-09-15 |
| 2023-06-07 | $0.60 | quarterly | 2023-06-16 |
| 2023-03-08 | $0.60 | quarterly | 2023-03-17 |
| 2022-12-14 | $0.50 | quarterly | 2022-12-23 |
| 2022-09-07 | $0.50 | quarterly | 2022-09-16 |
| 2022-06-08 | $0.41 | quarterly | 2022-06-17 |
| 2022-03-09 | $0.41 | quarterly | 2022-03-18 |
| 2021-12-15 | $0.38 | quarterly | 2021-12-23 |
| 2021-09-08 | $0.38 | quarterly | 2021-09-17 |
| 2021-06-09 | $0.37 | quarterly | 2021-06-18 |
| 2021-03-10 | $0.37 | quarterly | 2021-03-19 |
| 2020-12-16 | $0.35 | quarterly | 2020-12-24 |
| 2020-09-09 | $0.35 | quarterly | 2020-09-18 |
| 2020-06-10 | $0.34 | quarterly | 2020-06-19 |
| 2020-03-11 | $0.34 | quarterly | 2020-03-20 |
| 2019-12-18 | $0.33 | quarterly | 2019-12-27 |
| 2019-09-04 | $0.33 | quarterly | 2019-09-13 |
| 2019-06-05 | $0.30 | quarterly | 2019-06-14 |
| 2019-03-13 | $0.30 | quarterly | 2019-03-22 |
| 2018-12-12 | $0.27 | quarterly | 2018-12-21 |
| 2018-09-05 | $0.27 | quarterly | 2018-09-14 |
| 2018-06-06 | $0.24 | quarterly | 2018-06-15 |
| 2018-03-07 | $0.24 | quarterly | 2018-03-16 |
| 2017-12-06 | $0.22 | quarterly | 2017-12-15 |
| 2017-09-06 | $0.22 | quarterly | 2017-09-15 |
| 2017-06-06 | $0.21 | quarterly | 2017-06-16 |
| 2017-03-07 | $0.21 | quarterly | 2017-03-17 |
| 2016-12-06 | $0.20 | quarterly | 2016-12-16 |
| 2016-09-13 | $0.20 | quarterly | 2016-09-23 |
| 2016-06-14 | $0.19 | quarterly | 2016-06-24 |
| 2016-03-08 | $0.19 | quarterly | 2016-03-18 |
| 2015-12-08 | $0.19 | quarterly | 2015-12-18 |
| 2015-09-08 | $0.19 | quarterly | 2015-09-18 |
| 2015-06-09 | $0.18 | quarterly | 2015-06-19 |
| 2015-03-10 | $0.18 | quarterly | 2015-03-20 |
| 2014-12-09 | $0.18 | quarterly | 2014-12-19 |
| 2014-09-09 | $0.18 | quarterly | 2014-09-19 |
| 2014-06-03 | $0.17 | quarterly | 2014-06-13 |
| 2014-03-11 | $0.17 | quarterly | 2014-03-21 |
| 2013-12-10 | $0.17 | quarterly | 2013-12-20 |
| 2013-09-03 | $0.17 | quarterly | 2013-09-13 |
| 2013-06-04 | $0.15 | quarterly | 2013-06-14 |
| 2013-03-12 | $0.15 | quarterly | 2013-03-22 |
Northrim BanCorp Dividend per year
Northrim BanCorp Dividend growth
Northrim BanCorp Dividend Yield
Northrim BanCorp current trailing twelve-month (TTM) dividend yield is 4.5%. Interested in purchasing Northrim BanCorp stock? Use our calculator to estimate your expected dividend yield:
Northrim BanCorp Financial Ratios
P/E ratio11.61
PEG ratio0.91
P/B ratio1.51
ROE13.61%
Payout ratio41.93%
Current ratio0.05
Quick ratio0.41
Cash Ratio0.03
Northrim BanCorp Dividend FAQ
How much is the next Northrim BanCorp dividend?
Northrim BanCorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Northrim BanCorp dividend. The next Northrim BanCorp dividend will be released in March, June, September, or December.
When is Northrim BanCorp dividend paid?
Northrim BanCorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Northrim BanCorp pay?
The specific amount of Northrim BanCorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Northrim BanCorp's dividend history.
Does Northrim BanCorp stock pay dividends?
Yes, Northrim BanCorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Northrim BanCorp's dividend history.
How much dividend does Northrim BanCorp pay?
Northrim BanCorp paid $1.84 in 2024, $2.4 in 2023, $1.82 in 2022, $1.5 in 2021, and $1.38 in 2020.
How often does Northrim BanCorp pay dividends?
Northrim BanCorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Northrim BanCorp's dividend yield?
The current dividend yield for Northrim BanCorp is 4.5%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Northrim BanCorp's exact dividend yield.
When does Northrim BanCorp go ex dividend?
Northrim BanCorp's ex-dividend date for the latest dividend was on 2024-09-05. Northrim BanCorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Northrim BanCorp dividend paid?
Northrim BanCorp pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Northrim BanCorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Northrim BanCorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Northrim BanCorp dividend per share?
Northrim BanCorp paid $1.84 per share in 2024 and $2.4 per share in 2023. The amount of dividend per share that Northrim BanCorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Northrim BanCorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Northrim BanCorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Northrim BanCorp a dividend stock?
Yes, Northrim BanCorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Northrim BanCorp a good dividend stock?
Whether Northrim BanCorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Northrim BanCorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Northrim 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.
Other factors to consider when evaluating Northrim 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.
Does Northrim BanCorp pay dividends monthly?
Northrim BanCorp typically pays dividends on a quarterly basis.
Does Northrim BanCorp pay dividends quarterly?
Northrim BanCorp currently pays dividends on a quarterly basis.
Has Northrim BanCorp ever paid a dividend?
Yes, Northrim BanCorp has a history of paying dividends to its shareholders. Northrim BanCorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Northrim BanCorp dividend stocks?
To buy Northrim BanCorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Northrim BanCorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Northrim BanCorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Northrim BanCorp pay dividends 2024?
Northrim BanCorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-13. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Northrim BanCorp increase its dividend in 2024?
Decisions regarding Northrim BanCorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Northrim BanCorp dividend overview you can look into the above table of dividend history.
How Northrim BanCorp dividend works?
The Northrim BanCorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Northrim BanCorp's dividend process works:
1. Determination of Dividend: Northrim 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, Northrim 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, Northrim 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 Northrim 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. Determination of Dividend: Northrim 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, Northrim 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, Northrim 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 Northrim 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.
How are Northrim BanCorp dividends paid?
Northrim BanCorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Northrim 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, Northrim 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: Northrim 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.
1. Record Date: Northrim 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, Northrim 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: Northrim 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.
How many times does Northrim BanCorp pay dividends?
Northrim BanCorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Northrim BanCorp pay dividends?
The general pattern is that Northrim BanCorp pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Northrim BanCorp dividend safe?
The safety of Northrim BanCorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Northrim 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 Northrim 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.
To assess the safety of Northrim 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 Northrim 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.