Northrim BanCorp Inc Dividends
The next dividend date for Northrim BanCorp Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Northrim BanCorp Inc (NRIM)
More About Northrim BanCorp Inc
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through three segments: Community Banking, Home Mortgage Lending, and Specialty Finance. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short and medium-term working capital. In addition, the company offers consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and app banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox services, card control, corporate purchase cards, integrated payables, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, external transfer, bill pay, wire transfer, direct payroll deposit, electronic tax payment, automated clearing house origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long-term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.
Owning Northrim BanCorp Inc Stock on the Dividend Date
If you own Northrim BanCorp Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Northrim BanCorp Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Northrim BanCorp Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Northrim BanCorp Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Northrim BanCorp Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Northrim BanCorp Inc Dividends
You can contact us any time if you would like to ask questions about Northrim BanCorp Inc dividends or anything else related to the stock market.