Columbia Banking System Announces $0.36 Per Common Share Dividend

Rhea-AI Summary

Columbia Banking System (Nasdaq: COLB), the parent company of Umpqua Bank, has announced that its Board of Directors has approved a quarterly cash dividend of $0.36 per common share. The dividend will be payable on March 17, 2025, to shareholders of record as of February 28, 2025.

Positive

• Maintains consistent quarterly dividend payment of $0.36 per share
• Shows financial stability and commitment to shareholder returns

Negative

• None.

TACOMA, Wash., Feb. 14, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable March 17, 2025, to shareholders of record as of February 28, 2025.

About Columbia
Columbia (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the Northwest and one of the largest banks headquartered in the West with locations in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington. With over $50 billion of assets, Umpqua Bank combines the resources, sophistication and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; and equipment leasing. Umpqua Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Advisors and Columbia Trust Company, a division of Umpqua Bank. Learn more at www.columbiabankingsystem.com.

Note Regarding Forward Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "expected," "anticipate," "continue," or other comparable words. In addition, all statements other than statements of historical facts that address activities that Columbia expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of Columbia, particularly its Form 10-K for the Fiscal Year ended December 31, 2023, for meaningful cautionary language discussing why actual results may vary materially from those anticipated by management.

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SOURCE Columbia Banking System, Inc.

FAQ

What is the dividend amount for COLB stock in Q1 2025?

Columbia Banking System (COLB) announced a quarterly dividend of $0.36 per common share for Q1 2025.

When is the ex-dividend date for Columbia Banking System's Q1 2025 dividend?

The record date is February 28, 2025, so the ex-dividend date would be one business day before the record date.

When will COLB shareholders receive their Q1 2025 dividend payment?

The dividend payment will be made on March 17, 2025, to shareholders of record as of February 28, 2025.

What is the annual dividend yield for Columbia Banking System (COLB) based on the Q1 2025 dividend?

Based on the quarterly dividend of $0.36, the annual dividend payment would be $1.44 per share. The yield would depend on the current stock price.