Columbia Sportswear (COLM) to Issue Quarterly Dividend of $0.30 on March 21st

Columbia Sportswear (NASDAQ:COLM) announced a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Monday, March 10th will be given a dividend of 0.30 per share by the textile maker on Friday, March 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, March 10th.

Columbia Sportswear has raised its dividend payment by an average of 4.9% annually over the last three years. Columbia Sportswear has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Columbia Sportswear to earn $4.34 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 27.6%.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $80.97 on Thursday. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30. The company has a market cap of $4.63 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. The stock’s 50 day moving average price is $86.46 and its 200 day moving average price is $83.05.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. On average, equities research analysts anticipate that Columbia Sportswear will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

COLM has been the subject of several research analyst reports. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen increased their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

About Columbia Sportswear

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.