Columbia Banking System, Inc. announced that a quarterly cash dividend of $0.19 per common share, and per common share equivalent for holders of preferred stock, will be paid on May 25, 2016 to shareholders of record as of the close of business on May 11, 2016.
This is a 6 percent increase from the $0.18 regular cash dividend paid during the first quarter 2016.
In addition, the Board of Directors declared a special cash dividend of $0.18 per common share, and per common share equivalent for holders of preferred stock, which will also be paid on May 25, 2016 to shareholders of record as of the close of business on May 11, 2016.
Along with the regular dividend, the total dividend payout of $0.37 is a 9 percent increase from the $0.34 paid during the same period one year ago.
Headquartered in Tacoma, Washington, Columbia Banking System, Inc. is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank, with locations throughout Washington, Oregon and Idaho.
For the ninth consecutive year, the bank was named in 2015 as one of Puget Sound Business Journal’s “Washington’s Best Workplaces.” Columbia ranked in the top 20 on the 2016 Forbes list of best banks in the country for the fifth year in a row.