Columbia Banking System (NASDAQ: COLB) declared a quarterly dividend of $0.26 per share, or $1.04 annualized.

The dividend will be payable on August 22, 2018, to stockholders of record on August 8, 2018, with an ex-dividend date of August 7, 2018.

The annual yield on the dividend is 2.5 percent.

Hadley Robbins, President and Chief Executive Officer of Columbia Banking System and Columbia Bank said today upon the release of Columbia's second quarter 2018 earnings, "Our bankers had a very successful quarter in generating a record level of production, while at the same time working down nonperforming assets. Year over year, we have seen earnings before income taxes grow more than 35%."

For a dividend history and other dividend-related data on Columbia Banking System (COLB) click here.