Camden National Corporation (CAC) to Issue Quarterly Dividend of $0.23 on October 31st

Camden National Corporation (NASDAQ:CAC) declared a quarterly dividend on Tuesday, September 26th, RTT News reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.23 per share by the financial services provider on Tuesday, October 31st. This represents a $0.92 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, October 12th.

Camden National Corporation (NASDAQ CAC) opened at 43.86 on Wednesday. Camden National Corporation has a 52 week low of $29.49 and a 52 week high of $45.43. The firm has a market cap of $680.36 million, a PE ratio of 16.31 and a beta of 0.82. The stock has a 50 day moving average of $40.96 and a 200 day moving average of $41.75.

Camden National Corporation (NASDAQ:CAC) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The firm had revenue of $38.51 million for the quarter. Camden National Corporation had a net margin of 24.65% and a return on equity of 10.59%. Analysts anticipate that Camden National Corporation will post $2.68 EPS for the current year.

Separately, BidaskClub raised shares of Camden National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st.

In other news, Director Carl John Soderberg purchased 3,000 shares of Camden National Corporation stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of $38.46 per share, with a total value of $115,380.00. Following the transaction, the director now owns 59,323 shares in the company, valued at $2,281,562.58. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Holmes purchased 1,000 shares of Camden National Corporation stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average cost of $38.57 per share, for a total transaction of $38,570.00. Following the transaction, the director now owns 18,356 shares in the company, valued at approximately $707,990.92. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 5,000 shares of company stock worth $192,900. Corporate insiders own 2.34% of the company’s stock.

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Camden National Corporation Company Profile

Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.

Dividend History for Camden National Corporation (NASDAQ:CAC)

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