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

Key Points

• Columbia Sportswear Company announced a quarterly dividend of $0.30 per share, representing a yield of 2.1% based on an annualized basis.
• The company has a payout ratio of 33.8%, indicating that it can sustainably cover its dividend with earnings.
• Columbia Sportswear reported a net margin of 6.61% for the last quarter, beating analyst estimates with ($0.19) earnings per share.

Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Thursday, August 21st will be paid a dividend of 0.30 per share by the textile maker on Thursday, September 4th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 21st.

Columbia Sportswear has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Columbia Sportswear to earn $4.62 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 26.0%.

Columbia Sportswear Stock Up 2.2%

NASDAQ:COLM traded up $1.06 on Monday, reaching $50.36. The stock had a trading volume of 172,778 shares, compared to its average volume of 774,454. The company has a market capitalization of $2.78 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 3.33 and a beta of 1.00. The stock has a fifty day moving average price of $61.35 and a 200-day moving average price of $70.70. Columbia Sportswear has a 1-year low of $48.10 and a 1-year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.09. The business had revenue of $605.25 million for the quarter, compared to the consensus estimate of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) EPS. Sell-side analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

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.