Elevating Investor Returns: Columbia Banking System Delivers Strong Performance and Growing Profits
On March 11, 2024, Columbia Banking System (NASDAQ:COLB) will distribute a dividend payout of $0.36 per share, equating to an annualized dividend yield of 7.67%. Shareholders who owned the stock before the ex-dividend date on February 22, 2024 will receive this payout.
Columbia Banking System Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-22 | 4 | $0.36 | 7.67% | 2024-02-09 | 2024-02-23 | 2024-03-11 |
| 2023-11-22 | 4 | $0.36 | 7.03% | 2023-11-13 | 2023-11-24 | 2023-12-11 |
| 2023-08-24 | 4 | $0.36 | 6.71% | 2023-08-14 | 2023-08-25 | 2023-09-11 |
| 2023-05-30 | 4 | $0.36 | 7.81% | 2023-05-15 | 2023-05-31 | 2023-06-15 |
| 2023-02-03 | 4 | $0.3 | 4.19% | 2023-01-24 | 2023-02-06 | 2023-02-21 |
| 2022-10-14 | 4 | $0.3 | 3.94% | 2022-10-05 | 2022-10-17 | 2022-10-28 |
| 2022-08-02 | 4 | $0.3 | 3.96% | 2022-07-21 | 2022-08-03 | 2022-08-17 |
| 2022-05-03 | 4 | $0.3 | 3.84% | 2022-04-21 | 2022-05-04 | 2022-05-18 |
| 2022-02-01 | 4 | $0.3 | 3.31% | 2022-01-19 | 2022-02-02 | 2022-02-16 |
| 2021-10-12 | 4 | $0.3 | 3.11% | 2021-09-30 | 2021-10-13 | 2021-10-27 |
| 2021-08-10 | 4 | $0.28 | 3.22% | 2021-07-29 | 2021-08-11 | 2021-08-25 |
| 2021-05-11 | 4 | $0.28 | 2.55% | 2021-04-29 | 2021-05-12 | 2021-05-26 |
In terms of dividend yield, Columbia Banking System finds itself in the middle ground among its industry peers, while TFS Financial (NASDAQ:TFSL) takes the lead with the highest annualized dividend yield at 8.82%.
Analyzing Columbia Banking System Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2021 and 2023. The dividend per share rose from $1.14 to $1.38, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Columbia Banking System
The earnings chart illustrates an increase in Columbia Banking System's earnings per share, from $1.99 in 2021 to $2.94 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article provides an in-depth analysis of Columbia Banking System's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.36 per share, resulting in an annualized dividend yield of 7.67%.
In terms of dividend yield, Columbia Banking System finds itself in the middle ground among its industry peers, while TFS Financial takes the lead with the highest annualized dividend yield at 8.82%.
Given that Columbia Banking System has experienced an increase in dividend per share from 2021 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.