Columbia Sportswear Company (NASDAQ:COLM) Shares to Pay Quarterly Dividend of $0.30

Columbia Sportswear Company (NASDAQ:COLM) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 19th will be given a dividend of $0.30 per share by the textile maker on Thursday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 19th.

Columbia Sportswear has raised its dividend by an average of 0.4% per year over the last three years. Columbia Sportswear has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Columbia Sportswear to earn $4.27 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 28.1%.

Columbia Sportswear Stock Performance

Shares of COLM opened at $63.69 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 16.54 and a beta of 0.93. Columbia Sportswear has a 52-week low of $47.47 and a 52-week high of $69.06. The business’s fifty day moving average is $58.28 and its 200-day moving average is $59.68.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 29th. The textile maker reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.38. The company had revenue of $962.58 million during the quarter, compared to the consensus estimate of $944.91 million. Columbia Sportswear had a return on equity of 11.20% and a net margin of 6.05%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 earnings per share. As a group, research analysts forecast that Columbia Sportswear will post 3.55 EPS for the current fiscal year.

About Columbia Sportswear

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.