Columbia Sportswear (NASDAQ:COLM) Announces $0.30 Quarterly Dividend

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.30 per share by the textile maker on Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 20th.

Columbia Sportswear has raised its dividend by an average of 66.5% per year over the last three years. Columbia Sportswear has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of Columbia Sportswear stock opened at $82.43 on Tuesday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23. The firm has a fifty day moving average price of $81.41 and a two-hundred day moving average price of $81.24. The company has a market cap of $4.71 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same period in the prior year, the firm earned $1.70 EPS. The business’s revenue was down 5.5% on a year-over-year basis. Analysts expect that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.