Columbia Sportswear Company (NASDAQ:COLM) Stock to Pay Quarterly Dividend of $0.30

Columbia Sportswear Company (NASDAQ:COLM) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.30 per share by the textile maker on Thursday, December 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, November 19th.

Columbia Sportswear has increased its dividend payment 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 analysts expect Columbia Sportswear to earn $4.27 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 28.1%.

Columbia Sportswear Trading Up 4.6%

Shares of Columbia Sportswear stock opened at $63.69 on Friday. The company’s fifty day simple moving average is $58.28 and its 200-day simple moving average is $59.68. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 16.54 and a beta of 0.93. Columbia Sportswear has a 1 year low of $47.47 and a 1 year high of $69.06.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.38. The firm had revenue of $962.58 million during the quarter, compared to analyst estimates of $944.91 million. Columbia Sportswear had a net margin of 6.05% and a return on equity of 11.20%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 earnings per share. As a group, research analysts forecast that Columbia Sportswear will post 3.55 earnings per share for the current fiscal year.

Columbia Sportswear Company Profile

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.