Columbia Banking System, Inc. (COLB) to Issue Quarterly Dividend of $0.37 on September 14th

Columbia Banking System, Inc. (NASDAQ:COLB) announced a quarterly dividend on Friday, August 14th. Investors of record on Friday, August 28th will be given a dividend of 0.37 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, August 28th.

Columbia Banking System has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Columbia Banking System has a dividend payout ratio of 48.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Columbia Banking System to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 45.4%.

Columbia Banking System Stock Down 0.4%

COLB stock opened at $30.53 on Wednesday. Columbia Banking System has a twelve month low of $23.83 and a twelve month high of $33.67. The firm has a market cap of $8.64 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.04 and a beta of 0.63. The business has a 50 day moving average of $31.70 and a 200 day moving average of $30.06.

Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. Columbia Banking System had a return on equity of 11.33% and a net margin of 19.96%.The business had revenue of $677.00 million for the quarter, compared to the consensus estimate of $687.40 million. During the same period in the previous year, the company posted $0.76 earnings per share. On average, research analysts expect that Columbia Banking System will post 3.03 earnings per share for the current fiscal year.

About Columbia Banking System

Columbia Banking System, Inc is a bank holding company that operates through its principal subsidiary, Columbia State Bank. Headquartered in Tacoma, Washington, the company provides a full range of banking and financial services to commercial, small business and consumer customers. Its branch network is concentrated in the Pacific Northwest, with locations across Washington, Oregon and Idaho, where it aims to combine local decision-making with the resources of a larger institution.

The company’s offerings include commercial real estate lending, construction and development financing, equipment and small business loans, and deposit products such as checking, savings and money market accounts.