These Were Last Week’s 10 Worst Dividend Stocks

7. Northrim BanCorp, Inc. (NASDAQ:NRIM)

Dividend yield: 3.05%

Dividend payout ratio: 37.16%

Ex-Dividend Date: March 6, 2025

Number of Hedge Funds: 7

A 3.75% decline in value was seen in Northrim BanCorp, Inc. (NASDAQ:NRIM) during the last week from February 10 to 14, 2025.

The decline comes after Empowered Funds LLC reduced its ownership in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 15.1% during the fourth quarter of 2024. After selling 3,132 shares of the financial holding company, Empowered Funds LLC owned approximately 17,565 shares of Northrim BanCorp, valued at over $1.3 million, by the end of the recent quarter. Similarly, other institutional investors bought and sold the company’s shares during the recent quarter, leading to a decline in the company’s valuation.

Northrim BanCorp, Inc. (NASDAQ:NRIM) offers a dividend yield of 3.05%, which is backed up by a dividend payout ratio of 37.16%. Since the company uses only one-third of its earnings for dividend payments, the remaining is retained for debt repayment purposes or future investments. However, the number of hedge fund portfolios owning a stake in the company amounts to 7, representing low interest from institutional investors. The next dividend payment for the company is March 14, 2025. Investors benefiting from this payout must purchase the company’s shares before March 6, 2025.