Camden National Corporation Announces its Second Quarter 2022 Dividend

Rhea-AI Summary

Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.40 per share, yielding 3.60% based on the closing stock price of $44.48 on June 27, 2022. The dividend is set for payment on July 29, 2022, to shareholders of record by July 15, 2022. With assets amounting to $5.4 billion and a workforce of approximately 620 employees, Camden National is the largest publicly traded bank holding company in Northern New England, offering a full range of banking services and recognized for its customer experience.

Positive

• Declared a quarterly dividend of $0.40 per share.
• Annualized dividend yield of 3.60%.
• Strong asset base of $5.4 billion.

Negative

• None.

News Market Reaction

-0.78%

1 alert

-0.78% News Effect

On the day this news was published, CAC declined 0.78%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CAMDEN, Maine, June 28, 2022 /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 $0.40 per share. This quarterly payout results in an annualized dividend yield of 3.60% based on the June 27, 2022 closing price of the Company's common stock at $44.48 per share as reported by NASDAQ. The dividend is payable on July 29, 2022 to shareholders of record on July 15, 2022.

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.4 billion in assets and approximately 620 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, 66 ATMs, and additional lending offices in New Hampshire and Massachusetts. For the past four years, Camden National Bank was named a Customer Experience (CX) Leader by Coalition Greenwich, a division of CRISIL. In 2021, it received awards in two CX categories: U.S. Retail Banking and U.S. Commercial Small Business Banking. Camden National Bank was included in the 2021 list of Best Places to Work in Maine. Member FDIC.

Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management. To learn more, visit CamdenNational.bank.

 

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SOURCE Camden National Corporation

FAQ

What is the dividend amount for Camden National Corporation (CAC)?

The dividend amount is $0.40 per share.

When is the dividend payable for Camden National Corporation (CAC)?

The dividend is payable on July 29, 2022.

What is the record date for the dividend of Camden National Corporation (CAC)?

The record date for the dividend is July 15, 2022.

What is the annualized dividend yield for Camden National Corporation (CAC)?

The annualized dividend yield is 3.60% based on a closing price of $44.48.