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NEW YORK ( TheStreet) -- The ex-dividend date for Columbia Banking System (Nasdaq: COLB) is Monday, February 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $21.73 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for Columbia Banking System has been 224,100 shares per day over the past 30 days. Columbia Banking System has a market cap of $844.6 million and is part of the financial sector and banking industry. Shares are up 9.4% 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 17.4, below the average banking industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7.