Thriving with Robust Performance: Northrim BanCorp Delivers Growing Profits to Investors
At the end of December 22, 2023, Northrim BanCorp (NASDAQ:NRIM) will reward its shareholders with a dividend payout of $0.60 per share, demonstrating an annualized dividend yield of 4.86%. Remember, only investors who held the stock before the ex-dividend date on December 13, 2023 will receive this payout.
Northrim BanCorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-13 | 4 | $0.6 | 4.86% | 2023-12-01 | 2023-12-14 | 2023-12-22 |
| 2023-09-06 | 4 | $0.6 | 5.62% | 2023-08-25 | 2023-09-07 | 2023-09-15 |
| 2023-06-07 | 4 | $0.6 | 6.19% | 2023-05-26 | 2023-06-08 | 2023-06-16 |
| 2023-03-08 | 4 | $0.6 | 4.57% | 2023-02-24 | 2023-03-09 | 2023-03-17 |
| 2022-12-14 | 4 | $0.5 | 3.58% | 2022-12-02 | 2022-12-15 | 2022-12-23 |
| 2022-09-07 | 4 | $0.5 | 4.94% | 2022-08-26 | 2022-09-08 | 2022-09-16 |
| 2022-06-08 | 4 | $0.41 | 3.94% | 2022-05-27 | 2022-06-09 | 2022-06-17 |
| 2022-03-09 | 4 | $0.41 | 3.95% | 2022-02-25 | 2022-03-10 | 2022-03-18 |
| 2021-12-15 | 4 | $0.38 | 3.43% | 2021-12-03 | 2021-12-16 | 2021-12-23 |
| 2021-09-08 | 4 | $0.38 | 3.74% | 2021-08-27 | 2021-09-09 | 2021-09-17 |
| 2021-06-09 | 4 | $0.37 | 3.43% | 2021-05-28 | 2021-06-10 | 2021-06-18 |
| 2021-03-10 | 4 | $0.37 | 4.05% | 2021-02-26 | 2021-03-11 | 2021-03-19 |
Northrim BanCorp's dividend yield falls in the middle range when compared to its industry peers, with First of Long Island (NASDAQ:FLIC) having the highest annualized dividend yield at 6.18%.
Analyzing Northrim BanCorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.26 in 2019 to $1.82 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Northrim BanCorp
Investors can observe a growth in earnings for Northrim BanCorp from 2019 to 2022, as earnings per share increased from $3.04 to $5.10. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Northrim BanCorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.60 per share, leading to an annualized dividend yield of 4.86%.
Northrim BanCorp's dividend yield falls in the middle range when compared to its industry peers, with First of Long Island having the highest annualized dividend yield at 6.18%.
The upward trend in dividend per share and earnings per share for Northrim BanCorp from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.