COLB dividend – Columbia Banking System Announces 0.36 Cash Dividend

🌥️Dividends Yield

On May 26, 2023, Columbia Banking System ($NASDAQ:COLB) Inc. announced a cash dividend of 0.36 USD per share. This is the third consecutive dividend payment, with the total amount of 3 dividends per share paid out over the past 3 years amounting to 0.84 USD each. These dividends have yielded 2.83%, 2.69% and 2.15% in 2021-2023 respectively, with the average dividend yield standing at 2.56%. If you’re looking to invest in stocks that offer high dividends, COLUMBIA BANKING SYSTEM could be a viable option for your portfolio.

The ex-dividend date is May 30, 2023, so make sure you purchase the stock before then in order to qualify for the dividend. Investing in COLUMBIA BANKING SYSTEM could result in an attractive return as the dividends have been consistently paid out over the past few years.

Stock Price

The stock opened at $20.8 and closed at $21.1, up by 1.0% from previous closing price of 20.9. Columbia Banking System Inc. is committed to delivering sustainable returns for its investors through active capital management and disciplined capital allocation. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for COLB. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for COLB. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for COLB. More…

Key Ratios Snapshot

Some of the financial key ratios for COLB are shown below. More…

Analysis

After examining COLUMBIA BANKING SYSTEM‘s financials, GoodWhale’s analysis revealed that COLUMBIA BANKING SYSTEM is strong in assets, medium in dividend, and weak in growth and profitability. Based on the Star Chart, COLUMBIA BANKING SYSTEM can be classified as a ‘cow’, which is a type of company we conclude has the track record of paying out consistent and sustainable dividends. When looking at the potential investors for COLUMBIA BANKING SYSTEM, we believe that long-term investors who are looking for steady income would be most interested in this type of company. With a high health score of 8/10 with regard to its cashflows and debt, COLUMBIA BANKING SYSTEM is capable to safely ride out any crisis without the risk of bankruptcy. More…

Peers

As of December 31, 2018, Columbia Banking System operated through a network of 246 branches and 597 ATMs in Washington, Oregon, Idaho, and Montana. Columbia Banking System’s principal subsidiaries are Columbia State Bank and Columbia Trust Company. Its competitors are PacWest Bancorp, Pioneer Bankcorp Inc, Glacier Bancorp Inc.

– PacWest Bancorp ($NASDAQ:PACW)

As of 2022, PacWest Bancorp has a market cap of 3.05B. The company is a bank holding company that operates through its subsidiaries Pacific Western Bank and Bridge Bank. It offers a range of banking products and services to small and medium-sized businesses, and professionals and entrepreneurs in the United States.

– Pioneer Bankcorp Inc ($OTCPK:PBKC)

Glacier Bancorp Inc is a bank holding company with $6.35B in assets as of 2022. The company operates through its subsidiary banks, which provide commercial banking services to individuals, small businesses, and agricultural businesses in Montana, Idaho, Wyoming, Colorado, Utah, Washington, and Oregon. Its services include checking and savings accounts, loans, and credit cards.

Summary

COLUMBIA BANKING SYSTEM has been a reliable stock for investors seeking to benefit from high dividends. Over the past three years, the company has issued a total of three annual dividends per share, each amounting to 0.84 USD. This has yielded an average dividend yield of 2.56%, with the 2021-2023 dividends yielding 2.83%, 2.69% and 2.15% respectively. Therefore, COLUMBIA BANKING SYSTEM is a suitable stock for those looking to invest in stocks with high dividends.