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

The dividend will be payable on November 21, 2018, to stockholders of record on November 7, 2018, with an ex-dividend date of November 6, 2018.

The annual yield on the dividend is 3.1 percent.

Hadley Robbins, President and Chief Executive Officer of Columbia Banking System and Columbia Bank (COLB) ("Columbia"), said today upon the release of Columbia's third quarter 2018 earnings, "We had a very successful quarter in generating a record level of loan production while continuing to work down nonperforming assets, as evidenced by the 9 basis point reduction compared to the prior quarter." Mr. Robbins continued, "I am also pleased with the 12 basis point increase in our net interest margin, which was favorably impacted by higher loan and securities rates and a more favorable deposit mix driven by an increase in noninterest-bearing deposits."

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