CAMDEN,
Maine, Dec. 20, 2022 /PRNewswire/ -- Gregory A. Dufour, president and chief executive
officer of Camden National Corporation (NASDAQ®: CAC; "Company"),
announced today that the board of directors of the Company declared
a quarterly dividend of $0.42 per
share, an increase of $0.02 per
share, or 5%. This quarterly payout results in an annualized
dividend yield of 4.10% based on the December 19, 2022 closing price of the Company's
common stock at $40.95 per share as
reported by NASDAQ. The dividend is payable on January 31, 2023 to shareholders of record on
January 13, 2023.
"We are pleased to announce a 5% increase in our dividend to
shareholders," said Dufour. "Over the past ten years, we have
increased our cash dividend from $0.67 to now $1.68
per common share on an annualized basis, a 151% increase. This
highlights our ability to generate long-term sustainable earnings
as well as our commitment to our shareholders."
About Camden National Corporation
Camden National Corporation is the largest publicly traded bank
holding company in Northern New England with $5.6 billion in assets and approximately 620
employees. Camden National Bank, its
subsidiary, is a full-service community bank founded in 1875 in
Camden, Maine. Dedicated to
customers at every stage of their financial journey, the bank
offers the latest in digital banking, complemented by personalized
service with 58 banking centers, 24/7 live phone support, 66 ATMs,
and additional lending offices in New
Hampshire and Massachusetts. For the past three years,
Camden National Bank was named a
Customer Experience (CX) Leader by independent research firm,
Greenwich Associates. In 2021, it received awards in two CX
categories: U.S. Retail Banking and U.S. Commercial Small Business
and the bank was included in the Best Places to Work in
Maine, for the second year. Member
FDIC. Equal Housing Lender.
Comprehensive wealth management, investment and financial
planning services are delivered by Camden National Wealth
Management. To learn more, visit CamdenNational.bank.
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SOURCE Camden National Corporation