Columbia Banking System: Dividend Insights
Portfolio Pulse from Benzinga Insights
Columbia Banking System (NASDAQ:COLB) announced a quarterly dividend of 36 cents per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, indicating a likely opening price reduction by the dividend amount. The dividend is scheduled to be paid on December 11, 2023.
November 17, 2023 | 2:45 pm
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Columbia Banking System is set to pay a quarterly dividend of 36 cents per share, with the stock going ex-dividend on Wednesday, which may lead to a reduction in the opening stock price by the dividend amount.
The stock price is likely to drop in the short term by the amount of the dividend as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is no longer included in the stock price, reflecting the payout to shareholders.
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