Camden National Corporation Announces its Third Quarter 2021 Dividend

Rhea-AI Summary

Camden National Corporation (NASDAQ: CAC) announced a quarterly dividend of $0.36 per share, resulting in an annualized yield of 2.93% based on a closing price of $49.09 on September 27, 2021. The dividend is payable on October 29, 2021 to shareholders of record by October 15, 2021. As the largest publicly traded bank holding company in Northern New England with $5.2 billion in assets, Camden National Bank provides comprehensive banking and wealth management solutions.

Positive

• Quarterly dividend of $0.36 per share supports shareholder income.
• Annualized yield of 2.93% provides attractive returns for investors.

Negative

• None.

News Market Reaction – CAC

+1.25%

1 alert

+1.25% News Effect

On the day this news was published, CAC gained 1.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CAMDEN, Maine, Sept. 28, 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 2.93% based on the September 27, 2021 closing price of the Company's common stock at $49.09 per share as reported by NASDAQ. The dividend is payable on October 29, 2021 to shareholders of record on October 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 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 the bank was included in the 2021 list of Best Places to Work in Maine. 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 quarterly dividend of $0.36 per share.

When is the dividend payable for Camden National Corporation?

The dividend is payable on October 29, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is October 15, 2021.

What is the annualized dividend yield for Camden National Corporation?

The annualized dividend yield is 2.93% based on the closing stock price.