Camden National Corporation has announced a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 3.66% based on the December 16, 2024, closing price of the company's common stock at $45.91 per share. This marks a change from the previous dividend payout and reflects the company's commitment to returning value to its shareholders.
The company, with $5.7 billion in assets, operates 57 branches in Maine and New Hampshire. Founded in 1875, Camden National Bank offers digital banking services alongside personalized in-branch service, positioning itself as a full-service community bank.
Camden National Corporation (NASDAQ: CAC) also provides comprehensive wealth management, investment, and financial planning services through its division, Camden National Wealth Management, catering to the diverse financial needs of its clientele.
The dividend, payable on January 31, 2025, to shareholders of record on January 15, 2025, underscores the company's financial performance and ongoing commitment to rewarding its investors while maintaining its position as Northern New England's largest publicly traded bank holding company. The market has reacted to these announcements by moving the company's shares 0.8% to a price of $45.31. For the full picture, make sure to review Camden National's 8-K report.
