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 a quarterly cash dividend of $0.36 per common share. This dividend is set to be paid on September 9, 2024, to shareholders of record as of August 23, 2024. The announcement demonstrates Columbia's commitment to providing regular returns to its shareholders, which may be seen as a positive sign of the company's financial health and confidence in its future performance.

Positive

• Consistent dividend payment indicates financial stability
• $0.36 per share dividend provides income for shareholders

Negative

• None.

TACOMA, Wash., Aug. 12, 2024 /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 September 9, 2024, to shareholders of record as of August 23, 2024.

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 Columbia Banking System (COLB) in Q3 2024?

Columbia Banking System (COLB) has declared a quarterly cash dividend of $0.36 per common share for Q3 2024.

When will Columbia Banking System (COLB) pay its Q3 2024 dividend?

Columbia Banking System (COLB) will pay its Q3 2024 dividend on September 9, 2024.

What is the record date for Columbia Banking System's (COLB) Q3 2024 dividend?

The record date for Columbia Banking System's (COLB) Q3 2024 dividend is August 23, 2024.

How often does Columbia Banking System (COLB) pay dividends?

Based on the announcement of a quarterly dividend, Columbia Banking System (COLB) appears to pay dividends on a quarterly basis.