May 25, 2010 (FinancialWire) — Northrim BanCorp, Inc. (NASDAQ: NRIM) said that its board of directors has declared a regular quarterly cash dividend of $0.10 per share on the company’s common stock. The dividend will be paid on June 25, 2010, to shareholders of record at the close of business June 11, 2010.

Northrim has paid a regular quarterly cash dividend since 1995. At the stock price of $17.10 per share as of May 21, 2010, the current dividend equates to a yield of 2.30% on an annualized basis.

Alaska-based Northrim BanCorp is the parent company of Northrim Bank, a commercial bank that provides personal and business banking services through locations in Anchorage, Eagle River, Wasilla, and Fairbanks, Alaska, and a factoring/asset based lending division in Washington.

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