Camden National Co. (CAC) Increases Dividend to $0.25 Per Share

Camden National Co. (NASDAQ:CAC) declared a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Monday, January 15th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, January 31st. This represents a $1.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, January 11th. This is a positive change from Camden National’s previous quarterly dividend of $0.23.

Camden National (CAC) opened at $43.62 on Friday. The firm has a market cap of $675.26, a price-to-earnings ratio of 16.00 and a beta of 0.79. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. Camden National has a fifty-two week low of $37.10 and a fifty-two week high of $47.41.

Several research analysts have recently commented on CAC shares. BidaskClub lowered shares of Camden National from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $48.00 price target on shares of Camden National in a report on Friday, December 22nd.

In other Camden National news, EVP Edmund M. Hayden sold 2,340 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $45.56, for a total transaction of $106,610.40. Following the sale, the executive vice president now directly owns 7,958 shares in the company, valued at approximately $362,566.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joanne T. Campbell sold 2,271 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $44.05, for a total transaction of $100,037.55. Following the sale, the executive vice president now owns 17,916 shares in the company, valued at $789,199.80. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.

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About Camden National

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 (NASDAQ:CAC)

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