Camden National Corporation Announces its Second Quarter 2024 Dividend

On June 25, 2024, Camden National (NASDAQ: CAC) announced that its board of directors declared a quarterly dividend of $0.42 per share.

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Rhea-AI Summary

On June 25, 2024, Camden National (NASDAQ: CAC) announced that its board of directors declared a quarterly dividend of $0.42 per share. This dividend will yield an annualized return of 5.30%, based on the stock's closing price of $31.72 as of June 24, 2024. The dividend will be paid to shareholders of record on July 15, 2024, with the payment date set for July 31, 2024.

Positive

Quarterly dividend of $0.42 per share declared.
Annualized dividend yield of 5.30% based on recent stock price.

Negative

None.

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News Market Reaction – CAC

The recorded move for CAC in the trading session of this news was +0.83%.

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06/25/2024 - 04:15 PM

CAMDEN, Maine, June 25, 2024 /PRNewswire/ -- Simon R. Griffiths, 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 $0.42 per share. This quarterly payout results in an annualized dividend yield of 5.30% based on the June 24, 2024 closing price of the Company's common stock at $31.72 per share as reported by NASDAQ. The dividend is payable on July 31, 2024 to shareholders of record on July 15, 2024.

About Camden National Corporation

Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $5.8 billion in assets and 57 banking centers in Maine and New Hampshire. Founded in 1875, Camden National Bank is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Camden National Bank has been named one of the Best Places to Work for three years in a row. To learn more, visit CamdenNational.bank. Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.

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SOURCE Camden National Corporation

FAQ

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What is the dividend yield of Camden National 's (CAC) recent quarterly dividend?

The recent quarterly dividend of $0.42 per share yields an annualized return of 5.30% based on the closing price of $31.72 on June 24, 2024.

When is Camden National 's (CAC) second-quarter 2024 dividend payment date?

Camden National 's second-quarter 2024 dividend payment date is July 31, 2024.

Who is eligible to receive Camden National 's (CAC) second-quarter 2024 dividend?

Shareholders of record on July 15, 2024, are eligible to receive Camden National 's second-quarter 2024 dividend.

How much is Camden National 's (CAC) second-quarter 2024 dividend?

Camden National 's second-quarter 2024 dividend is $0.42 per share.

Camden National Corporation Announces its Second Quarter 2024 Dividend