Camden National Corporation Declares Quarterly Dividend Update
Camden National Corporation Declares Quarterly Dividend
In a recent announcement, Simon Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC), stated that the company's board of directors has declared a quarterly dividend of $0.42 per share. This decision reflects the company’s continued commitment to providing value to its shareholders.
Understanding the Dividend Announcement
The declared dividend results in an annualized yield of 4.23%, based on the common stock's closing price of $39.72 on the last trading day prior to the announcement. The dividend is scheduled to be paid on July 31 to shareholders who hold shares until the record date of July 15.
Profile of Camden National Corporation
Camden National Corporation, identified by its NASDAQ ticker CAC, stands as the largest publicly traded bank holding company in Northern New England. Established in 1875, this financial institution boasts assets totaling $7.0 billion. Camden National Bank operates a network of 72 banking centers spread across Maine and New Hampshire, showcasing its strong regional presence.
Commitment to Customer Service
Camden National Bank is not just a traditional bank; it's a full-service community bank offering innovative digital banking solutions while ensuring personalized service that has been recognized in various awards. This unique combination attracts a broad clientele looking for both convenience and exceptional customer attention.
Wealth Management Services
The company also offers comprehensive wealth management, investment solutions, and financial planning services through Camden National Wealth Management. This is designed to cater to individual and corporate clients looking for expert guidance in managing their financial futures.
Engaging with Camden National Corporation
Customers seeking more information about the bank and its services can visit CamdenNational.bank. The bank places a significant emphasis on helping customers navigate their financial journeys, making it easier to access banking resources and solutions.
Final Thoughts on the Quarterly Dividend
The declaration of a quarterly dividend is a significant indicator of Camden National Corporation’s financial strength and its dedication to returning profits to shareholders. Such decisions are closely monitored by investors and market analysts alike, as they reflect the ongoing health of the organization and its commitment to shareholder value.
Frequently Asked Questions
What is the amount of the declared dividend for Camden National Corporation?
The declared dividend is $0.42 per share.
When will the dividend be paid to shareholders?
The dividend is set to be paid on July 31, following the record date of July 15.
What is the annualized yield of the dividend?
The annualized yield is 4.23%, calculated from the stock's closing price of $39.72.
How long has Camden National Corporation been in operation?
Camden National Corporation was founded in 1875, highlighting its long history in the banking industry.
What services does Camden National offer?
Camden National provides a range of banking services, including digital banking, wealth management, investment and financial planning services.
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