Camden National Corporation Announces its First Quarter 2023 Dividend

Rhea-AI Summary

Camden National Corporation (NASDAQ: CAC) declared a quarterly dividend of $0.42 per share, yielding 4.47% annually based on a closing price of $37.58 on March 27, 2023. This dividend is payable on April 28, 2023 to shareholders recorded on April 14, 2023. Camden National, the largest publicly traded bank holding company in Northern New England with $5.7 billion in assets, continues to demonstrate commitment to rewarding its shareholders. The company has been recognized as one of the Best Places to Work in Maine in both 2021 and 2022.

Positive

• Quarterly dividend declared at $0.42 per share, indicating strong financial health.
• Annualized dividend yield of 4.47% reflects confidence in company profitability.

Negative

• None.

CAMDEN, Maine, March 28, 2023 /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 $0.42 per share. This quarterly payout results in an annualized dividend yield of 4.47% based on the March 27, 2023 closing price of the Company's common stock at $37.58 per share as reported by NASDAQ. The dividend is payable on April 28, 2023 to shareholders of record on April 14, 2023.

About Camden National Corporation

About Camden National Corporation (NASDAQ: CAC) is the largest publicly traded bank holding company in Northern New England with $5.7 billion in assets, and was proudly listed as one of the Best Places to Work in Maine in 2021 and 2022. Founded in 1875, Camden National Bank is a full-service community bank dedicated to customers at every stage of their financial journey. With 24/7 live phone support, 58 banking centers, and additional lending offices in New Hampshire and Massachusetts, Camden National Bank offers the latest in digital banking, complemented by award-winning, personalized service. 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

What is the dividend amount declared by Camden National Corporation?

Camden National Corporation has declared a quarterly dividend of $0.42 per share.

When is Camden National Corporation's dividend payment date?

The dividend is payable on April 28, 2023.

What is the annual dividend yield for Camden National Corporation?

The annualized dividend yield is 4.47% based on the March 27, 2023 closing price.

Who are the shareholders eligible for Camden National Corporation's dividend?

Shareholders of record on April 14, 2023, are eligible for the dividend.

How large is Camden National Corporation's asset base?

Camden National Corporation has $5.7 billion in assets.