Camden National Corporation Declares Third Quarter Dividend
Camden National Corporation Declares Quarterly Dividend
Simon R. Griffiths, the President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC), has shared exciting news regarding the company’s ongoing commitment to return value to its shareholders. Recently, the board of directors officially declared a quarterly dividend of $0.42 per share. This impressive payout showcases an annualized dividend yield of 4.27%, calculated based on the closing price of the company's common stock documented on September 23, 2024, at $39.39 per share.
Dividend Payment Details
This quarterly dividend is a testament to Camden National’s strong financial health and its dedication to providing attractive returns to its investors. Shareholders can expect this dividend to be disbursed on October 31, 2024, to those who are on record as shareholders by October 15, 2024. This move not only strengthens confidence among current investors but also signals potential for future growth.
Understanding Camden National Corporation
As the largest publicly traded bank holding company in Northern New England, Camden National Corporation possesses a robust asset portfolio valued at an impressive $5.7 billion. Established in 1875, Camden National Bank has cultivated a strong presence throughout the region with its 57 branches located in Maine and New Hampshire. It prides itself on being a full-service community bank, offering innovative digital banking solutions paired with outstanding, individualized customer service.
Diverse Financial Services
In addition to its banking services, Camden National Corporation also provides comprehensive wealth management, investment, and financial planning solutions through Camden National Wealth Management. This ensures that clients not only have access to banking but also to essential financial resources that can help them navigate their financial futures.
Community Engagement and Customer Focus
With a long-standing history and deep roots in the communities it serves, Camden National is dedicated to fostering relationships based on trust and understanding. The bank continuously invests in its personnel and technology to enhance customer experience. Customers can expect personalized solutions that cater to their individual needs, making their banking journey smooth and effortless.
A Focus on Innovation
By adopting the latest banking technologies, Camden National aims to deliver top-tier services that meet the evolving demands of its customer base. The bank is committed to maintaining its status as a leader in digital banking while also cherishing the traditional aspects of customer service that make banking personal.
Future Expectations
As Camden National Corporation looks ahead, it is poised for continued growth and profitability. With steadfast support from its board of directors and executive leadership, the company aims to not only sustain its dividend payouts but eventually increase them as earnings grow. Such a strategy is vital for attracting new investors and retaining existing ones.
Frequently Asked Questions
What is the declared dividend amount of Camden National Corporation?
The board of directors declared a quarterly dividend of $0.42 per share.
When will the dividend be paid to shareholders?
The dividend will be disbursed on October 31, 2024.
What is the annualized dividend yield based on this announcement?
The announced dividend results in an annualized yield of 4.27% based on the stock’s price prior to the declaration.
How long has Camden National Corporation been in operation?
Camden National Corporation was established in 1875, marking its extensive presence in the banking sector.
What are the key services offered by Camden National Corporation?
They offer a range of services including banking, wealth management, investments, and financial planning.
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