Northrim Bancorp (NRIM) Hikes Quarterly Cash Dividend by 1.6%

Northrim BanCorp, Inc. (NRIM) announced a quarterly cash dividend of 62 cents per share. This reflects a 1.6% hike from the prior payout. The dividend will be paid out on Sep 13, 2024, to shareholders of record as of Sep 5. Prior to the latest hike, NRIM increased its dividend by 1.7% to 61 cents per share this January. The company has hiked its dividend 10 times in the last five years, with an annualized dividend growth of 17.18%. Currently, Northrim Bancorp's payout ratio is 42% of its earnings. This indi ...