Camden National Corporation (CAC) to Issue Quarterly Dividend of $0.42 on January 30th

Camden National Corporation (NASDAQ:CAC) announced a quarterly dividend on Monday, December 15th. Investors of record on Thursday, January 15th will be given a dividend of 0.42 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, January 15th.

Camden National has increased its dividend by an average of 0.1%per year over the last three years. Camden National has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Camden National to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 33.9%.

Camden National Trading Down 1.1%

CAC stock opened at $44.15 on Tuesday. The company’s 50 day moving average price is $42.33 and its two-hundred day moving average price is $40.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.81. Camden National has a one year low of $34.53 and a one year high of $46.80. The company has a market capitalization of $747.02 million, a PE ratio of 12.58 and a beta of 0.65.

Camden National (NASDAQ:CAC) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. Camden National had a net margin of 16.24% and a return on equity of 10.76%. The company had revenue of $116.67 million during the quarter, compared to analyst estimates of $63.20 million. As a group, analysts predict that Camden National will post 4.25 earnings per share for the current fiscal year.

Camden National Company Profile

Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.

The company’s offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.