Tuesday Is Your Last Chance To Buy Northrim BanCorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Northrim BanCorp (NASDAQ:NRIM) has announced a quarterly dividend of 60 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 15, 2023.
September 01, 2023 | 2:45 pm
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NEUTRAL IMPACT
Northrim BanCorp's stock will likely open lower on Wednesday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before Tuesday's close.
The announcement of a dividend payout often attracts investors who want to benefit from the payout, potentially driving up the stock price before the ex-dividend date. However, the stock price typically drops on the ex-dividend date to reflect the payout, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100