Columbia Banking System, Inc. (Nasdaq: COLB) announced on November 13, 2026, that its Board of Directors has approved a quarterly cash dividend of $0.38 per common share. This represents a 3% increase over the most recent dividend declaration.
The dividend is scheduled to be paid on December 14, 2026, to shareholders of record as of November 27, 2026. The company stated that this increase reflects confidence in its financial performance and the benefits of significant share repurchases over the past year.
Clint Stein, Chairman and CEO of Columbia, commented that the company expects continued execution of its strategic priorities, including balance sheet optimization objectives, to drive meaningful capital generation. He noted that the dividend, combined with the Board's recently authorized $1.2 billion share repurchase program, supports the company's commitment to long-term shareholder value through a disciplined capital return platform.
Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and serves as the parent company of Columbia Bank, a regional bank with offices across multiple western states.
