Camden National Corporation Announces its Fourth Quarter 2020 Dividend

Rhea-AI Summary

Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.33 per share, yielding an annualized 3.75% based on the stock's closing price of $35.19 on December 21, 2020. The dividend is set to be paid on January 29, 2021, to shareholders on record as of January 15, 2021. Camden National Corporation, the largest bank holding company in Northern New England, reports total assets of $5.2 billion and has a strong commitment to customer service, evidenced by accolades in customer experience.

Positive

• Quarterly dividend of $0.33 per share indicates company profitability.
• Annualized dividend yield of 3.75% is attractive for investors.

Negative

• None.

News Market Reaction – CAC

+1.98%

+1.98% Session move

In the trading session that priced this news, CAC gained 1.98%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CAMDEN, Maine, Dec. 22, 2020 /PRNewswire/ -- Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ®: CAC; the "Company"), announced today that the board of directors of the Company declared a quarterly dividend of $0.33 per share. This quarterly payout results in an annualized dividend yield of 3.75% based on the December 21, 2020 closing price of the Company's common stock at $35.19 per share as reported by NASDAQ. The dividend is payable on January 29, 2021 to shareholders of record on January 15, 2021.

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.2 billion in assets and approximately 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden, ME. Dedicated to customers at every stage of their financial journey, the bank offers the latest in digital banking, complemented by personalized service with 58 banking centers, 24/7 live phone support, 68 ATMs, and additional lending offices in New Hampshire and Massachusetts. For the past three years, Camden National Bank was named a Customer Experience (CX) Leader by leading independent research firm, Greenwich Associates. In 2020, it received awards in two CX categories: U.S. Retail Banking and U.S. Commercial Small Business. The Finance Authority of Maine has awarded Camden National Bank as "Lender at Work for Maine" for eleven years. Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management. To learn more, visit CamdenNational.com. Member FDIC.

 

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SOURCE Camden National Corporation

FAQ

What is the dividend amount declared by Camden National Corporation?

Camden National Corporation declared a dividend of $0.33 per share.

When is the dividend payable for Camden National Corporation?

The dividend is payable on January 29, 2021.

What is the record date for Camden National Corporation's dividend?

The record date for the dividend is January 15, 2021.

What is the annualized dividend yield for Camden National Corporation?

The annualized dividend yield is 3.75% based on the closing price of $35.19 on December 21, 2020.