Columbia Banking System (COLB) Declares $0.14 Special Dividend; 0.4% Yield

Columbia Banking System (NASDAQ: COLB) declared a special dividend of $0.14 per share.

The dividend will be payable on February 20, 2019, to stockholders of record on February 6, 2019, with an ex-dividend date of February 5, 2019.

The annual yield on the dividend is 0.4 percent.

Clint Stein, Columbia's Executive Vice President and Chief Operating Officer, stated, "We experienced our usual balance sheet seasonality during the fourth quarter. The deposit portfolio is holding up well with no meaningful rate related attrition. The decrease in the loan portfolio was mostly related to reduced line utilization." Mr. Stein continued, "While elevated prepayments were still a factor during the quarter, they continued to moderate from levels experienced during the first half of 2018."

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

You May Also Be Interested In

• NVE Corp CEO to retire, successor named for August transition
• Palantir selected as cloud data layer for U.S. Army NGC2 program
• People Inc. names new chief accounting officer as predecessor retires