Published on 9 Dec 2023 on Simply Wall St. via Yahoo Finance

Northrim BanCorp, Inc. (NASDAQ:NRIM) Looks Interesting, And It's About To Pay A Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Northrim BanCorp, Inc. (NASDAQ:NRIM) is about to trade ex-dividend in the next 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Northrim BanCorp's shares before the 13th of December in order to be eligible for the dividend, which will be paid on the 22nd of December.

The company's next dividend payment will be US$0.60 per share, on the back of last year when the company paid a total of US$2.40 to shareholders. Calculating the last year's worth of payments shows that Northrim BanCorp has a trailing yield of 4.4% on the current share price of $54.3. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

See our latest analysis for Northrim BanCorp