Northrim BanCorp (NRIM) will raise its regular quarterly cash dividend to $0.34 per share in 2020. This will mark the 11th consecutive year of dividend increases by the company. The next dividend will be payable on March 20, 2020, to shareholders of record at the close of business on March 12, 2020. At the stock price of $36.75 per share at the close of the market on February 27, 2020, the current dividend equates to a yield of 3.70% on an annualized basis. “We continue to generate profitable operations, which sustains our ability to steadily increase cash dividends for the eleventh consecutive year,” said Joe Schierhorn, President and CEO in the company's press release announcing this dividend hike. Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 16 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, Sitka and Soldotna, serving 90% of Alaska’s population; and an asset based lending division in Washing