Camden National Co. (CAC) Plans Quarterly Dividend of $0.25
Camden National Co. (NASDAQ:CAC) announced a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Monday, January 15th will be paid 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 yield of 2.32%. The ex-dividend date of this dividend is Thursday, January 11th. This is a boost from Camden National’s previous quarterly dividend of $0.23.
Shares of Camden National (NASDAQ CAC) opened at $43.05 on Thursday. The stock has a market capitalization of $672.62, a PE ratio of 15.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79. Camden National has a 1-year low of $37.10 and a 1-year high of $47.41.
In related news, EVP Joanne T. Campbell sold 2,271 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.05, for a total value of $100,037.55. Following 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 legal filing with the SEC, which is available through this link. Also, 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 in the company, valued at approximately $362,566.48. The disclosure for this sale can be found here. 2.34% of the stock is currently owned by insiders.
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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.
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