Columbia Sportswear Company (NASDAQ:COLM – Get Free Report) declared a quarterly dividend on Friday, January 23rd. Investors of record on Monday, March 9th will be paid a dividend of 0.30 per share by the textile maker on Friday, March 20th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, March 9th.
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 research analysts expect Columbia Sportswear to earn $4.62 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 26.0%.
Columbia Sportswear Stock Performance
Shares of COLM opened at $58.32 on Friday. The company has a 50 day moving average price of $58.18 and a 200-day moving average price of $55.28. Columbia Sportswear has a fifty-two week low of $47.47 and a fifty-two week high of $89.00. The stock has a market capitalization of $3.05 billion, a PE ratio of 18.00 and a beta of 0.86.
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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