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 the stock by the end of Tuesday are eligible for the dividend, which will be paid on December 22, 2023. The stock is expected to open 60 cents lower on the ex-dividend date.
December 08, 2023 | 2:45 pm
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Northrim BanCorp will pay a 60 cents quarterly dividend per share. The stock will likely open lower on the ex-dividend date to reflect the dividend payout.
The stock price of NRIM is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This anticipated drop is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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