Columbia Banking System's latest quarterly cash dividend of $0.36 per share was issued to shareholders on record before Feb 22, 2024. The dividend distribution stands at $1.44 per share annually, which comes to a dividend yield of 8.23%.
COLB has a dividend yield of 8.23% which is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 3.56%, Columbia Banking System's dividend yield is 131% higher. Historically COLB's dividend yield has averaged at 4.1% in the last 5 years, which is less than the current yield.
Columbia Banking System has been paying dividends for the last 21 years. Our records show that COLB has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 20% since twelve months ago. And with the price of the stock down by 22% from a year ago, the dividend yield marks an increase of 53%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 22, 2024 | Mar 11, 2024 | Feb 9, 2024 | $0.36 | normal |
| Nov 22, 2023 | Dec 11, 2023 | Nov 13, 2023 | $0.36 | normal |
| Aug 24, 2023 | Sep 11, 2023 | Aug 14, 2023 | $0.36 | normal |
| May 30, 2023 | Jun 15, 2023 | May 15, 2023 | $0.36 | normal |
| Feb 3, 2023 | Feb 21, 2023 | Jan 24, 2023 | $0.3 | normal |
| Oct 14, 2022 | Oct 28, 2022 | Oct 5, 2022 | $0.3 | normal |
| Aug 2, 2022 | Aug 17, 2022 | Jul 21, 2022 | $0.3 | normal |
| May 3, 2022 | May 18, 2022 | $0.3 | normal | |
| Feb 1, 2022 | Feb 16, 2022 | Jan 19, 2022 | $0.3 | normal |
| Oct 12, 2021 | Oct 27, 2021 | Sep 30, 2021 | $0.3 | normal |
| Aug 10, 2021 | Aug 25, 2021 | $0.28 | normal | |
| May 11, 2021 | May 26, 2021 | Apr 29, 2021 | $0.28 | normal |
| Feb 9, 2021 | Feb 24, 2021 | Jan 28, 2021 | $0.28 | normal |
| Nov 9, 2020 | Nov 25, 2020 | Oct 29, 2020 | $0.28 | normal |
| Aug 4, 2020 | Aug 19, 2020 | Jul 23, 2020 | $0.28 | normal |
| May 13, 2020 | May 28, 2020 | Apr 22, 2020 | $0.28 | normal |
| Feb 4, 2020 | Feb 19, 2020 | Jan 22, 2020 | $0.22 | special |
| Feb 4, 2020 | Feb 19, 2020 | Jan 22, 2020 | $0.28 | normal |
| Nov 5, 2019 | Nov 20, 2019 | Oct 23, 2019 | $0.28 | normal |
| Aug 6, 2019 | Aug 21, 2019 | Jul 24, 2019 | $0.28 | normal |
| May 7, 2019 | May 22, 2019 | Apr 24, 2019 | $0.14 | special |
| May 7, 2019 | May 22, 2019 | Apr 24, 2019 | $0.28 | normal |
| Feb 5, 2019 | Feb 20, 2019 | Jan 23, 2019 | $0.28 | normal |
| Feb 5, 2019 | Feb 20, 2019 | Jan 23, 2019 | $0.14 | special |
| Nov 6, 2018 | Nov 21, 2018 | Oct 24, 2018 | $0.14 | special |
| Nov 6, 2018 | Nov 21, 2018 | Oct 24, 2018 | $0.26 | normal |
| Aug 7, 2018 | Aug 22, 2018 | Jul 25, 2018 | $0.26 | normal |
| May 8, 2018 | May 23, 2018 | Apr 25, 2018 | $0.26 | normal |
| Feb 6, 2018 | Feb 21, 2018 | Jan 24, 2018 | $0.22 | normal |
| Oct 30, 2017 | Nov 14, 2017 | Oct 19, 2017 | $0.22 | normal |
| Aug 7, 2017 | Aug 23, 2017 | Jul 26, 2017 | $0.22 | normal |
| May 8, 2017 | May 24, 2017 | Apr 26, 2017 | $0.22 | normal |
| Feb 6, 2017 | Feb 22, 2017 | Jan 25, 2017 | $0.22 | normal |
| Nov 7, 2016 | Nov 23, 2016 | Oct 27, 2016 | $0.19 | normal |
| Nov 7, 2016 | Nov 23, 2016 | Oct 27, 2016 | $0.2 | normal |
| Aug 8, 2016 | Aug 24, 2016 | Jul 28, 2016 | $0.2 | normal |
| Aug 8, 2016 | Aug 24, 2016 | Jul 28, 2016 | $0.19 | normal |
| May 9, 2016 | May 25, 2016 | Apr 27, 2016 | $0.18 | normal |
| May 9, 2016 | May 25, 2016 | Apr 27, 2016 | $0.19 | normal |
| Feb 8, 2016 | Feb 24, 2016 | Jan 27, 2016 | $0.2 | normal |
| Feb 8, 2016 | Feb 24, 2016 | Jan 27, 2016 | $0.18 | normal |
COLB has a payout ratio of 80.4% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 39.4%, Columbia Banking System's payout ratio is 104% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| COLB Columbia Banking System Inc | 8.23% | $1.44 | 80.4% |
| BMRC Bank of Marin Bancorp | 6.67% | $1 | 80.6% |
| HFWA Heritage Financial Corp | 5.13% | $0.89 | 50.6% |
| BOH Bank Of Hawaii Corp | 4.98% | $2.8 | 67.3% |
| BANR Banner Corp | 4.45% | $1.92 | 35.9% |
| EWBC East West Bancorp Inc | 2.78% | $1.99 | 24.2% |
Yes, Columbia Banking System has paid four dividends in the last twelve months. COLB has been paying dividends since 2003.
At this point we don't have a record of COLB's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Columbia Banking System's last dividend ex-date was on Feb 22, 2024. The dividend amount was $0.36 per share.
COLB has paid dividend of $1.44 per share in the last year.
Columbia Banking System's current dividend yield is 8.23%.
Columbia Banking System pays dividends quarterly.
Columbia Banking System's dividend payout ratio is 80.4%.
Columbia Banking System's dividend yield is more than the Financial Services sector average.