Camden National Co. (NASDAQ:CAC) to Issue Dividend Increase – $0.25 Per Share

Camden National Co. (NASDAQ:CAC) declared a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Investors of record on Monday, January 15th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, January 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, January 11th. This is a positive change from Camden National’s previous quarterly dividend of $0.23.

Shares of Camden National (CAC) opened at $42.90 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. The company has a market cap of $676.81, a price-to-earnings ratio of 15.77 and a beta of 0.79. Camden National has a one year low of $37.10 and a one year high of $47.41.

Camden National (NASDAQ:CAC) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. Camden National had a net margin of 24.70% and a return on equity of 10.56%. equities analysts forecast that Camden National will post 2.68 earnings per share for the current year.

Several brokerages have recently issued reports on CAC. BidaskClub cut shares of Camden National from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $48.00 price target on shares of Camden National in a report on Friday, December 22nd.

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

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Camden National 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 (NASDAQ:CAC)

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