Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
01 Dezembro 2023 - 11:00AM
Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the
Board of Directors declared a regular quarterly cash dividend of
$0.60 per share. The dividend will be payable on December 22, 2023,
to shareholders of record at the close of business on December 14,
2023.
“We are pleased to announce a quarterly dividend
of $0.60 per share, as we continue to be committed to providing
returns to our shareholders,” said Joe Schierhorn, President and
CEO. At the stock price of $49.37 per share at the close of the
market on November 30, 2023, the current dividend equates to a
yield of 4.86% on an annualized basis.
On October 26, 2023, Northrim reported net
income of $8.4 million, or $1.48 per diluted share, in the third
quarter of 2023, compared to $5.6 million, or $0.98 per diluted
share, in the second quarter of 2023, and $10.1 million, or $1.76
per diluted share, in the third quarter a year ago.
About Northrim BanCorp
Northrim BanCorp, Inc. is the parent company of
Northrim Bank, an Alaska-based community bank with 19 branches in
Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan,
Sitka, Soldotna, Kodiak and Nome, and a loan production office in
Homer, serving 90% of Alaska’s population; and an asset based
lending division in Washington; and a wholly-owned mortgage
brokerage company, Residential Mortgage Holding Company, LLC. The
Bank differentiates itself with its detailed knowledge of Alaska’s
economy and its “Customer First Service” philosophy. Pacific Wealth
Advisors, LLC is an affiliated company of Northrim BanCorp.
www.northrim.com
Contact:
Joe Schierhorn, President, CEO, and COO
(907) 261-3308
Jed Ballard, Chief Financial Officer
(907) 261-3539
Northrim BanCorp (NASDAQ:NRIM)
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