Northrim BanCorp (NRIM) Raises Quarterly Dividend 10% to $0.33; 3.6% Yield

August 23, 2019 9:13 AM EDT

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Northrim BanCorp (NASDAQ: NRIM) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 10% increase from the prior dividend of $0.30.

The dividend will be payable on September 13, 2019, to stockholders of record on September 5, 2019, with an ex-dividend date of September 4, 2019.

The annual yield on the dividend is 3.6 percent.

“Our growing franchise is generating solid profitability, and we are pleased that our financial results allowed us to increase our quarterly cash dividend,” said Joe Schierhorn, President and CEO. At the stock price of $36.34 per share at the close of the market on August 22, 2019, the current dividend equates to a yield of 3.63% on an annualized basis.

For a dividend history and other dividend-related data on Northrim BanCorp (NRIM) click here.

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