Moreover, Columbia Sportswear is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 20%. As a result, Columbia Sportswear's ROE is not expected to change by much either, which we inferred from the analyst estimate of 17% for future ROE.