CB Declares Cash Dividend
Columbia Banking System Declares Cash Dividend
Columbia Banking System, Inc. announced today that a quarterly cash dividend of $0.10 per common share, and per common share equivalent for holders of preferred stock, will be paid on May 22, 2013 to shareholders of record as of the close of business on May 8, 2013.
Melanie Dressel, President and Chief Executive Officer of Columbia Banking System and Columbia Bank commented, “Based on our closing price on April 23, 2013, this results in a dividend yield of 1.91% and a payout ratio of 32%. The $0.10 cash dividend represents a 25% increase over the dividend paid for the same period a year ago.”