Thriving with Robust Performance: Northrim BanCorp Delivers Growing Profits to Investors
Portfolio Pulse from Benzinga Insights
Northrim BanCorp (NASDAQ:NRIM) is set to pay a dividend of $0.60 per share on December 22, 2023, with an annualized yield of 4.86%. Shareholders as of December 13, 2023, will be eligible. The company has shown a consistent increase in dividends per share from $1.26 in 2019 to $1.82 in 2022, and earnings per share have grown from $3.04 to $5.10 over the same period. This indicates a strong financial position and potential for future dividend increases. First of Long Island (NASDAQ:FLIC) has the highest yield in the industry at 6.18%.
December 22, 2023 | 3:05 pm
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NEUTRAL IMPACT
First of Long Island has the highest annualized dividend yield in the industry at 6.18%, higher than Northrim BanCorp's 4.86%.
First of Long Island is mentioned as a comparison to Northrim BanCorp's dividend yield. While it has the highest yield in the industry, the article does not provide specific financial data or news about FLIC that would directly impact its stock price in the short term. Therefore, the impact is neutral, but the mention could draw investor attention to FLIC's higher yield.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Northrim BanCorp is distributing a $0.60 per share dividend with a 4.86% yield, reflecting a positive trend in dividend growth and earnings per share.
The consistent increase in dividends and earnings per share from 2019 to 2022 suggests that Northrim BanCorp is in a strong financial position, which is likely to be viewed positively by investors. The dividend yield is competitive within the industry, and the trend indicates potential for future increases in payouts, which could attract income-seeking investors and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100