Camden National Corporation’s Board Declares Quarterly Dividend
CAMDEN, Maine, Sept. 25, 2018 /PRNewswire/ — Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ®: CAC; the “Company”) announced today that the board of directors of the Company declared a quarterly dividend of $0.30 per share, representing an increase of 30% compared to the same period last year. This quarterly payout results in an annualized dividend yield of 2.76% based on the September 24, 2018 closing price of the Company’s common stock at $43.44 per share as reported by NASDAQ. The dividend is payable on October 31, 2018 to shareholders of record on October 15, 2018.
About Camden National Corporation
Camden National Corporation (NASDAQ: CAC), headquartered in Camden, Maine, is the largest publicly traded bank holding company in Northern New England with $4.2 billion in assets and nearly 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 that offers an array of consumer and business financial products and services, accompanied by the latest in digital banking technology to empower customers to bank the way they want. The Bank provides personalized service through a network of 60 banking centers, 71 ATMs, and lending offices in New Hampshire and Massachusetts, all complemented by 24/7 live phone support. 2017 marks the 8th time Camden National Bank has received the “Lender at Work for Maine” Award from the Finance Authority of Maine. Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management. To learn more, visit www.CamdenNational.com. Member FDIC.
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SOURCE Camden National Corporation