The dividend is payable Dec. 14 to shareholders of record as of Nov. 27. The new rate amounts to $1.52 per share annually.
Based on Thursday’s closing price of $30.59, the annualized dividend yield is about 4.97%.
Columbia Banking System Raises Quarterly Dividend to 38 Cents
Columbia Banking System’s board has approved a 3% increase in the quarterly cash dividend, lifting the payment to 38 cents per share from 37 cents. The company said the higher payout reflects confidence in its financial performance and the benefit of significant share repurchases over the past year.
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