Camden National Corporation Announces its First Quarter 2022 Dividend

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dividends

Rhea-AI Summary

Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.27%. This dividend is based on the closing price of $48.93 as of March 28, 2022. The dividend will be paid on April 29, 2022 to shareholders on record as of April 15, 2022. Camden National, the largest publicly traded bank holding company in Northern New England, has $5.5 billion in assets and provides comprehensive banking services with a focus on customer experience.

Positive

Quarterly dividend of $0.40 per share boosts shareholder income.
Annualized dividend yield of 3.27% enhances investment attractiveness.
Recognition as a Customer Experience Leader indicates strong operational performance.

Negative

None.

03/29/2022 - 04:15 PM

CAMDEN, Maine, March 29, 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 3.27% based on the March 28, 2022 closing price of the Company's common stock at $48.93 per share as reported by NASDAQ. The dividend is payable on April 29, 2022 to shareholders of record on April 15, 2022.

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.5 billion in assets and more than 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.com.