Camden National Corporation Announces its Third 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 yield of 4.37% based on the closing stock price of $30.21 on September 28, 2020. The dividend will be payable on October 30, 2020 to shareholders on record by October 15, 2020. As the largest publicly traded bank holding company in Northern New England, Camden National manages $5.0 billion in assets and provides a variety of banking services through its numerous locations and digital platforms.

Positive

• Declared quarterly dividend of $0.33 per share, offering a yield of 4.37%.
• Strong financial position with $5.0 billion in assets.

Negative

• None.

CAMDEN, Maine, Sept. 29, 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 4.37% based on the September 28, 2020 closing price of the Company's common stock at $30.21 per share as reported by NASDAQ. The dividend is payable on October 30, 2020 to shareholders of record on October 15, 2020.

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.0 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 dividend of $0.33 per share.

When will Camden National Corporation's dividend be paid?

The dividend will be paid on October 30, 2020.

What is the record date for Camden National Corporation's dividend?

The record date for the dividend is October 15, 2020.

What is the annualized dividend yield for Camden National Corporation?

The annualized dividend yield is 4.37% based on the closing price of $30.21.

How much in assets does Camden National Corporation manage?

Camden National Corporation manages $5.0 billion in assets.