Camden National Corporation Announces its Third Quarter 2022 Dividend

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

On September 27, 2022, Camden National Corporation (NASDAQ: CAC) declared a quarterly dividend of $0.40 per share, yielding an annualized rate of 3.62% based on the closing stock price of $44.22 on September 26, 2022. The dividend will be paid on October 31, 2022 to shareholders of record as of October 14, 2022. Camden National Corporation, the largest bank holding company in Northern New England, has $5.5 billion in assets and operates a full-service community bank.

Positive

Quarterly dividend of $0.40 per share announced.
Annualized dividend yield of 3.62% based on stock price.
Company's assets total $5.5 billion.

Negative

None.

News Market Reaction

+0.99%

1 alert

+0.99% News Effect

On the day this news was published, CAC gained 0.99%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

09/27/2022 - 04:15 PM

CAMDEN, Maine, Sept. 27, 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 3.62% based on the September 26, 2022 closing price of the Company's common stock at $44.22 per share as reported by NASDAQ. The dividend is payable on October 31, 2022 to shareholders of record on October 14, 2022.

About Camden National Corporation
Camden National Corporation is the largest publicly traded bank holding company in Northern New England with $5.5 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 independent research firm, Greenwich Associates. In 2021, it received awards in two CX categories: U.S. Retail Banking and U.S. Commercial Small Business and the bank was included in the Best Places to Work in Maine, for the second year. Member FDIC. Equal Housing Lender.

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