Columbia Sportswear Company (NASDAQ:COLM – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 20th will be paid a dividend of 0.30 per share by the textile maker on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, August 20th.
Columbia Sportswear has increased its dividend by an average of 0.4%annually 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 $4.35 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 27.6%.
Columbia Sportswear Trading Down 1.2%
COLM stock opened at $62.79 on Friday. The stock’s 50 day simple moving average is $64.27 and its 200 day simple moving average is $60.42. Columbia Sportswear has a 12-month low of $47.47 and a 12-month high of $69.06. The firm has a market cap of $3.21 billion, a P/E ratio of 20.00 and a beta of 0.94.
About Columbia Sportswear
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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