Northrim BanCorp, Inc.
NRIMFinancial Services · Stock · quarterly payer
Forward Yield
2.50%
Annual Dividend
$0.65
Payout Ratio
21%
5-Yr Growth
13.2%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Northrim BanCorp, Inc. (NRIM) yields 2.50% ($0.65 per share annually), with a blended fair-value estimate of $48.98 — +85% upside, so it screens as undervalued. Dividend safety grade: A (89/100). 16 years of dividend growth.
Is NRIM a good dividend stock?
YesNorthrim BanCorp, Inc. (NRIM) pays a quarterly dividend yielding 2.50% ($0.65/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Comfortable payout ratio (21%)
- Strong 13.2% 5-yr dividend growth
- 149% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 2.50%
- Payout Ratio
- 21%
- Annual Dividend
- $0.65
- 5-Yr Avg Growth
- 13.2%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.89
- Market Cap
- $579.5M
- P/E Ratio
- 8.6
- 5-Yr Total Return
- 149%
- 52-Week Range
- $19.60 – $30.82
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
NRIM Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+167%
5 Years
+149%
52-Week Range
$19.60 – $30.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NRIM worth?
Undervaluedlow confidenceOur blended fair-value estimate for Northrim BanCorp, Inc. is $48.98 per share, versus a market price of $26.45. That implies 85% of upside — a margin of safety of about 46%.
Fair Value
$48.98
Current Price
$26.45
Upside
+85%
Margin of Safety
46%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 5.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.7% discount rate (CAPM), 5.4% stage-1 growth, 2.5% terminal growth, $3.04 EPS, $0.65 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NRIM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.1700 | regular |
| Jun 11, 2026 | — | $0.1600 | regular |
| Mar 5, 2026 | — | $0.1600 | regular |
| Dec 18, 2025 | — | $0.1600 | regular |
| Sep 4, 2025 | — | $0.1600 | regular |
| Jun 5, 2025 | — | $0.1600 | regular |
| Mar 6, 2025 | — | $0.1600 | regular |
| Dec 19, 2024 | — | $0.1550 | regular |
| Sep 5, 2024 | — | $0.1550 | regular |
| Jun 6, 2024 | — | $0.1525 | regular |
| Mar 6, 2024 | — | $0.1525 | regular |
| Dec 13, 2023 | — | $0.1500 | regular |
| Sep 6, 2023 | — | $0.1500 | regular |
| Jun 7, 2023 | — | $0.1500 | regular |
Income Calculator
At $0.65 / yr per share
