Northrim BanCorp's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Northrim BanCorp (NASDAQ:NRIM) announced a quarterly dividend of 60 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning NRIM stock by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 16, 2023.
June 02, 2023 | 2:45 pm
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Northrim BanCorp's stock will likely trade lower on Wednesday due to the ex-dividend date, reflecting the 60 cents per share dividend payout.
The ex-dividend date is when the stock price is adjusted to reflect the dividend payout. In this case, Northrim BanCorp's stock will likely open 60 cents lower on Wednesday, as the market adjusts for the dividend. This short-term price drop is expected due to the dividend distribution.
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