Cambridge Bancorp (NASDAQ:CATC – Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Thursday, May 9th will be given a dividend of 0.67 per share by the bank on Thursday, May 23rd. This represents a $2.68 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 8th.
Cambridge Bancorp has raised its dividend by an average of 8.1% per year over the last three years and has raised its dividend every year for the last 25 years. Cambridge Bancorp has a dividend payout ratio of 41.9% meaning its dividend is sufficiently covered by earnings.
Cambridge Bancorp Trading Up 0.2 %
CATC stock traded up $0.10 during mid-day trading on Wednesday, hitting $63.81. The stock had a trading volume of 1,863 shares, compared to its average volume of 28,161. Cambridge Bancorp has a 1-year low of $44.62 and a 1-year high of $73.68. The company has a fifty day moving average of $64.27 and a 200 day moving average of $63.83. The stock has a market capitalization of $500.91 million, a price-to-earnings ratio of 14.30 and a beta of 0.58.
Insiders Place Their Bets
In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $65.73, for a total value of $241,163.37. Following the transaction, the director now directly owns 10,708 shares of the company’s stock, valued at approximately $703,836.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.
Cambridge Bancorp Company Profile
Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that engages in the provision of commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking, savings, money market, trust, and individual retirement accounts, as well as time and demand deposits, and certificates of deposit.
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