Camden National Corporation Announces its Second Quarter 2020 Dividend

Rhea-AI Summary

Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.33 per share, resulting in an annualized dividend yield of 3.93%, based on the June 29, 2020 closing price of $33.565. The dividend is set to be paid on July 31, 2020, to shareholders on record as of July 15, 2020. Camden National Corporation, the largest publicly traded bank holding company in Northern New England, boasts $4.6 billion in assets and operates 58 banking centers across Maine, New Hampshire, and Massachusetts.

Positive

• Quarterly dividend of $0.33 enhances shareholder returns.
• Annualized yield of 3.93% indicates solid income for investors.
• Company demonstrates stability with $4.6 billion in assets.

Negative

• None.

CAMDEN, Maine, June 30, 2020 /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 $0.33 per share. This quarterly payout results in an annualized dividend yield of 3.93% based on the June 29, 2020 closing price of the Company's common stock at $33.565 per share as reported by NASDAQ. The dividend is payable on July 31, 2020 to shareholders of record on July 15, 2020.

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $4.6 billion in assets and 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden, ME. 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 two years, Camden National Bank was named "Customer Experience Leader in U.S. Retail Banking" by Greenwich Associates, and in 2019, it was the only New England based organization included in Sandler O'Neill's "Bank and Thrift Sm-All Star" list of high-performing financial institutions. The Finance Authority of Maine has awarded Camden National Bank as "Lender at Work for Maine" for ten years. 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 $0.33 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 31, 2020.

What is the annualized dividend yield for Camden National Corporation?

The annualized dividend yield is 3.93% based on the closing price on June 29, 2020.

What is the record date for the dividend payout?

The record date for the dividend payout is July 15, 2020.