Columbia Sportswear Company (NASDAQ:COLM – Get Free Report) announced a quarterly dividend on Friday, April 24th. Investors of record on Thursday, May 21st will be paid a dividend of 0.30 per share by the textile maker on Thursday, June 4th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, May 21st.
Columbia Sportswear has increased its dividend by an average of 0.4%per year over the last three years. Columbia Sportswear has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Columbia Sportswear to earn $4.23 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 28.4%.
Columbia Sportswear Stock Performance
Columbia Sportswear stock opened at $59.17 on Tuesday. The firm has a market cap of $3.03 billion, a P/E ratio of 18.84 and a beta of 0.91. The business’s fifty day moving average is $57.87 and its two-hundred day moving average is $56.72. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $67.91.
Columbia Sportswear Company Profile
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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