This is Why Northrim BanCorp (NRIM) is a Great Dividend Stock

Core Viewpoint - Northrim BanCorp (NRIM) presents a compelling investment opportunity with a strong dividend yield and expected earnings growth, making it attractive for income investors [3][5][7]. Company Overview - Northrim BanCorp is headquartered in Anchorage and has experienced a price change of -12.36% this year [3]. - The company currently pays a dividend of $0.64 per share, resulting in a dividend yield of 3.75%, which is higher than the Banks - West industry's yield of 3.01% and the S&P 500's yield of 1.73% [3]. Dividend Analysis - The current annualized dividend of Northrim BanCorp is $2.56, reflecting a 4.1% increase from the previous year [4]. - Over the past five years, the company has increased its dividend five times, achieving an average annual increase of 17.33% [4]. - The current payout ratio is 37%, indicating that the company paid out 37% of its trailing 12-month earnings per share as dividends [4]. Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for Northrim BanCorp's earnings is $8.05 per share, which represents a year-over-year growth rate of 21.60% [5]. Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6]. - While tech start-ups and high-growth companies rarely offer dividends, larger, established companies like Northrim BanCorp do [7]. - The stock has a strong Zacks Rank of 2 (Buy), indicating positive market sentiment [7].