Camden National Co. (NASDAQ:CAC) announced a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, January 11th. This is an increase from Camden National’s previous quarterly dividend of $0.23.

Shares of Camden National (NASDAQ:CAC) opened at $42.96 on Friday. The stock has a market cap of $651.98, a price-to-earnings ratio of 15.45 and a beta of 0.79. Camden National has a 1 year low of $37.10 and a 1 year high of $47.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79.

CAC has been the subject of several recent analyst reports. BidaskClub cut shares of Camden National from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Keefe, Bruyette & Woods cut shares of Camden National from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st.

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

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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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