NEW YORK ( TheStreet) -- The ex-dividend date for Columbia Banking System (Nasdaq: COLB) is Monday, August 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $16.50 as of 10:01 a.m. ET, the dividend yield is 1.4%. The average volume for Columbia Banking System has been 226,000 shares per day over the past 30 days. Columbia Banking System has a market cap of $691.3 million and is part of the financial sector and banking industry. Shares are down 21.2% year to date as of the close of trading on Thursday. Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank, which provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in the states of Washington and Oregon. The company has a P/E ratio of 23.7, above the average banking industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.
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