Columbia Banking System raises quarterly dividend to 38 cents
Columbia Banking System's board approved a quarterly cash dividend of 38 cents per share, a 3% increase over its most recent declaration, payable Dec. 14, 2026.
Key takeaways
- Columbia Banking System (COLB) approved a quarterly cash dividend of 38 cents per share, a 3% increase over its most recent declaration. The dividend is payable Dec. 14, 2026, to shareholders of record as of Nov. 27, 2026. The board recently authorized a $1.2 billion share repurchase program.
Columbia Banking System (COLB) approved a quarterly cash dividend of 38 cents per share, a 3% increase over its most recent declaration. It is payable Dec. 14, 2026, to holders of record as of Nov. 27, 2026.
Shares were little changed after hours at 5:24 p.m. ET, from a $30.59 close.
Chairman & CEO Clint Stein said the increase "reflects our confidence in our financial performance and the benefit of significant share repurchases over the past year."
The board recently authorized a $1.2 billion share repurchase program, alongside which the dividend increase supports capital return plans.
Columbia Bank, the parent's banking subsidiary, operates in nine states across the West and Texas.