The Alaska-based lender increases its payout by 6.3% to $0.17, marking a forward yield of 2.64%.
Northrim BanCorp raised its quarterly dividend to $0.17 per share, a 6.3% increase from the prior $0.16 payout. The move reflects the bank’s confidence in sustained earnings growth and capital position.
The previous dividend stood at $0.16, with the new rate offering a forward yield of 2.64%. The dividend is payable on September 18 to shareholders of record as of September 10, with an ex-dividend date also set for September 10.
The adjustment follows a pattern of modest but consistent dividend growth, aligning with regional bank peers in stable operating environments.