Columbia Banking System's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Columbia Banking System (NASDAQ:COLB) announced it will pay a quarterly dividend of 36 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 36 cents lower. Shareholders owning COLB by the end of Wednesday's session are eligible for the dividend, which will be paid out on September 11, 2023.
August 21, 2023 | 2:45 pm
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Columbia Banking System's stock is expected to open lower on the ex-dividend date due to the payout of a 36 cents per share dividend. Shareholders as of Wednesday's session end are eligible for the dividend.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a common occurrence as the market adjusts for the payout. Shareholders as of the end of Wednesday's session are eligible for the dividend, providing an incentive for holding the stock.
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