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Northrim BanCorp (Northrim BanCorp) 3-Year Dividend Growth Rate

: 20.30% (As of Dec. 2023)
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Northrim BanCorp's Dividends per Share for the three months ended in Dec. 2023 was $0.60.

The historical rank and industry rank for Northrim BanCorp's 3-Year Dividend Growth Rate or its related term are showing as below:

NRIM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -8.8   Med: 12.15   Max: 28.6
Current: 20.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Northrim BanCorp was 28.60% per year. The lowest was -8.80% per year. And the median was 12.15% per year.

NRIM's 3-Year Dividend Growth Rate is ranked better than
78.7% of 784 companies
in the Banks industry
Industry Median: 7.35 vs NRIM: 20.30

During the past 12 months, Northrim BanCorp's average Dividends Per Share Growth Rate was 31.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Northrim BanCorp's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.50. As of today, Northrim BanCorp's Dividend Yield % is 5.36%.

Good Sign:

Northrim BanCorp Inc stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Banks - Regional subindustry, Northrim BanCorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northrim BanCorp 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Northrim BanCorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Northrim BanCorp's 3-Year Dividend Growth Rate falls into.



Northrim BanCorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Northrim BanCorp  (NAS:NRIM) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Northrim BanCorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.6/ 1.19
=0.50

During the past 13 years, the highest Dividend Payout Ratio of Northrim BanCorp was 0.55. The lowest was 0.25. And the median was 0.32.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Northrim BanCorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.6102024-03-062024-03-072024-03-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.6002023-12-132023-12-142023-12-22Cash DividendquarterlyUSD:USD 1.000000
USD 0.6002023-09-062023-09-072023-09-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.6002023-06-072023-06-082023-06-16Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Northrim BanCorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.41/44.31
=5.44 %

Current Share Price is $44.31.
Northrim BanCorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.41.

During the past 13 years, the highest Dividend Yield of Northrim BanCorp was 6.50%. The lowest was 2.05%. And the median was 3.02%.

Good Sign:

Northrim BanCorp Inc stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Northrim BanCorp 3-Year Dividend Growth Rate Related Terms>


Northrim BanCorp (Northrim BanCorp) Business Description

Traded in Other Exchanges
Address
3111 C Street, Anchorage, AK, USA, 99503
Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.
Executives
Linda C Thomas director P.O. BOX 20905, JUNEAU AK 99802
Murphy Krystal Nelson director 3111 C STREET, ANCHORAGE AK 99503
Marilyn Romano director 3111 C STREET, ANCHORAGE AK 99503
Aaron Michael Schutt director 3111 C STREET, ANCHORAGE AK 99503
Joseph Marushack director 3111 C STREET, ANCHORAGE AK 99503
David G Wight director 3111 C STREET, ANCHORAGE AK 99503
John C Swalling director NORTHRIM BANCORP INC, PO BOX 241489, ANCHORAGE AK 99524-1489
David W Karp director 4731 BLUE HERON CIRCLE, ANCHORAGE AK 99507
David J Mccambridge director 3111 C STREET, ANCHORAGE AK 99503
Joseph M Schierhorn officer: EVP, CFO NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Jed W Ballard officer: EVP, CFO 3111 C STREET, ANCHORAGE AK 99503
Larry S Cash director NORTHRIM BANCORPINC, PO BOX 241489, ANCHORAGE AK 99524-1489
Karl L Hanneman director 506 GAFFNEY ROAD, SUITE 200, FAIRBANKS AK 99701
Anthony Drabek director NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Michael A Martin officer: EVP, Gen Counsel & Corp Sec 3111 C STREET, ANCHORAGE AK 99503

Northrim BanCorp (Northrim BanCorp) Headlines