Camden National Corporation Announces its Second Quarter 2021 Dividend

Rhea-AI Summary

On June 29, 2021, Camden National Corporation (NASDAQ: CAC) announced a quarterly dividend of $0.36 per share, providing an annualized dividend yield of 2.98% based on the June 28 closing price of $48.30. The dividend will be payable on July 30, 2021, to shareholders of record on July 15, 2021. Camden National Corporation, with $5.1 billion in assets, is the largest publicly traded bank holding company in Northern New England, offering community banking and wealth management services.

Positive

• Quarterly dividend declared at $0.36 per share, enhancing shareholder income.
• Annualized dividend yield of 2.98%, attractive for investors.
• Company recognized as a Customer Experience Leader and awarded top community bank accolades.

Negative

• None.

CAMDEN, Maine, June 29, 2021 /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 $0.36 per share. This quarterly payout results in an annualized dividend yield of 2.98% based on the June 28, 2021 closing price of the Company's common stock at $48.30 per share as reported by NASDAQ. The dividend is payable on July 30, 2021 to shareholders of record on July 15, 2021.

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.1 billion in assets and approximately 600 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden, Maine. 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, and Camden National Corporation received a 2020 Raymond James Community Bankers Cup award, placing it in the top 10% of community banks. 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?

The dividend amount declared is $0.36 per share.

When is the dividend payment date for Camden National Corporation?

The dividend payment date is July 30, 2021.

What is the record date for the dividend at Camden National Corporation?

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

What is the annualized dividend yield for Camden National Corporation based on the recent announcement?

The annualized dividend yield is 2.98%.