Columbia Banking System, Inc. (NASDAQ:COLB) Plans Quarterly Dividend of $0.37

Columbia Banking System, Inc. (NASDAQ:COLB - Get Free Report) announced a quarterly dividend on Friday, November 14th. Stockholders of record on Friday, November 28th will be paid a dividend of 0.37 per share by the financial services provider on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, November 28th. This is a 2.8% increase from Columbia Banking System's previous quarterly dividend of $0.36.4 Dividend Growth Stocks the Trade Tariffs Can’t TouchColumbia Banking System has increased its dividend by an average of 0.0%per year 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 47.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Columbia Banking System to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 49.8%. Columbia Banking System Trading Up 0.2%Shares of NASDAQ:COLB traded up $0.06 during midday trading on Friday, hitting $26.93. 2,234,628 shares of the stock were exchanged, compared to its average volume of 2,920,020. Columbia Banking System has a twelve month low of $19.61 and a twelve month high of $32.85. The company has a 50 day moving average price of $26.09 and a 200-day moving average price of $24.96. The stock has a market cap of $5.66 billion, a P/E ratio of 10.69 and a beta of 0.67. Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The company had revenue of $348.47 million for the quarter. Columbia Banking System had a net margin of 17.98% and a return on equity of 11.31%. On average, equities research analysts expect that Columbia Banking System will post 2.71 earnings per share for the current year. Columbia Banking System Company Profile (Get Free Report)Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.Featured StoriesFive stocks we like better than Columbia Banking SystemWhat is Insider Trading? What You Can Learn from Insider TradingFiserv Has NEVER Done This Before—Is It a Screaming Buy?The Top 3 Healthcare Dividend Stocks to Buy and HoldEli Lilly Strikes Deal With Trump: Why Shares Are Up 10% SinceWhat Are Earnings Reports?Here's What We Learned From AST SpaceMobile's Q3 Earnings ReportThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Columbia Banking System Right Now?Before you consider Columbia Banking System, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Columbia Banking System wasn't on the list.While Columbia Banking System currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here