Columbia Banking System Announces $0.36 Quarterly Dividend

Columbia Banking System, Inc. ("Columbia") has announced a quarterly cash dividend of $0.36 per common share, payable on December 16, 2024, to shareholders of record as of November 29, 2024. This represents a consistent dividend amount compared to the previous period.

Columbia is the parent company of Umpqua Bank, with over $50 billion in assets and a presence in several western U.S. states including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington.

This announcement reflects Columbia's commitment to delivering value to its shareholders through regular dividend payments, supporting its position as a leading regional bank in the western U.S. Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $30.88. For the full picture, make sure to review Columbia Banking System's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS