COLB - Columbia Banking System boosts dividend by 20% to $0.36

2023-05-15 08:09:11 ET

• Columbia Banking System ( NASDAQ: COLB ) declares $0.36/share quarterly dividend , 20% increase from prior dividend of $0.30.
• Forward yield 7.81%
• Payable June 15; for shareholders of record May 31; ex-div May 30.
• "We are pleased to announce an increase in our regular dividend, highlighting the foundational strength of our combined organization following the merger of Columbia and Umpqua," commented Clint Stein, President & CEO of Columbia. "Looking forward, we expect cost and revenue synergies to enhance our operating fundamentals. Alongside the strength of our diversified balance sheet, this places us in the enviable position of having flexible capital deployment opportunities."
• See COLB Dividend Scorecard, Yield Chart, & Dividend Growth.

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