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Camden National Corporation Announces its Third Quarter 2024 Dividend

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Camden National (NASDAQ: CAC) has announced its third quarter 2024 dividend. The board of directors declared a quarterly dividend of $0.42 per share, payable on October 31, 2024, to shareholders of record on October 15, 2024. This quarterly payout results in an annualized dividend yield of 4.27%, based on the September 23, 2024 closing price of the Company's common stock at $39.39 per share as reported by NASDAQ. The announcement was made by Simon R. Griffiths, President and Chief Executive Officer of Camden National

Camden National (NASDAQ: CAC) ha annunciato il suo dividendo per il terzo trimestre del 2024. Il consiglio di amministrazione ha dichiarato un dividendo trimestrale di $0,42 per azione, pagabile il 31 ottobre 2024, agli azionisti registrati il 15 ottobre 2024. Questo pagamento trimestrale determina un rendimento annualizzato del dividendo del 4,27%, basato sul prezzo di chiusura del 23 settembre 2024 delle azioni ordinarie della societ脿 a $39,39 per azione, come riportato da NASDAQ. L'annuncio 猫 stato fatto da Simon R. Griffiths, Presidente e CEO di Camden National.

Camden National (NASDAQ: CAC) ha anunciado su dividendo del tercer trimestre de 2024. La junta directiva declar贸 un dividendo trimestral de $0.42 por acci贸n, que se pagar谩 el 31 de octubre de 2024 a los accionistas registrados el 15 de octubre de 2024. Este pago trimestral resulta en un rendimiento anualizado del dividendo del 4.27%, basado en el precio de cierre del 23 de septiembre de 2024 de las acciones ordinarias de la compa帽铆a a $39.39 por acci贸n, seg煤n lo informado por NASDAQ. El anuncio fue realizado por Simon R. Griffiths, Presidente y Director Ejecutivo de Camden National.

旌犽摖 雮挫厰雱(NASDAQ: CAC)鞚 2024雲 3攵勱赴 氚半嫻旮堨潉 氚滍憸頄堨姷雼堧嫟. 鞚挫偓須岆姅 欤茧嫻 $0.42鞚 攵勱赴 氚半嫻旮鞚 靹犾柛頄堨溂氅, 鞚措姅 2024雲 10鞗 31鞚检棎 歆旮夒悩瓿 2024雲 10鞗 15鞚 旮办 欤检<鞐愱矊 歆旮夒惄雼堧嫟. 鞚 攵勱赴 氚半嫻旮堨潃 2024雲 9鞗 23鞚 NASDAQ鞐 氤搓碃霅 須岇偓鞚 氤错喌欤 膦呹皜 $39.39毳 旮办鞙茧 頃 霑 鞐瓣皠 氚半嫻 靾橃澋毳 4.27%搿 鞚挫柎歆戨媹雼. 鞚 氚滍憸電 旌犽摖 雮挫厰雱愳潣 靷灔 瓴 CEO鞚 靷澊毹 R. 攴鸽Μ頂检姢鞐 鞚橅暣 鞚措(鞏挫鞀惦媹雼.

Camden National (NASDAQ: CAC) a annonc茅 son dividende pour le troisi猫me trimestre 2024. Le conseil d'administration a d茅clar茅 un dividende trimestriel de 0,42 $ par action, payable le 31 octobre 2024, aux actionnaires enregistr茅s au 15 octobre 2024. Ce versement trimestriel entra卯ne un rendement de dividende annualis茅 de 4,27%, bas茅 sur le prix de cl么ture du 23 septembre 2024 des actions ordinaires de la soci茅t茅 脿 39,39 $ par action, comme rapport茅 par NASDAQ. L'annonce a 茅t茅 faite par Simon R. Griffiths, Pr茅sident et Directeur G茅n茅ral de Camden National.

Camden National (NASDAQ: CAC) hat seine Dividende f眉r das dritte Quartal 2024 angek眉ndigt. Der Vorstand hat eine viertelj盲hrliche Dividende von 0,42 $ pro Aktie erkl盲rt, die am 31. Oktober 2024 an die zum Stichtag, dem 15. Oktober 2024, registrierten Aktion盲re ausgezahlt wird. Diese viertelj盲hrliche Aussch眉ttung ergibt eine annualisierte Dividendenrendite von 4,27%, basierend auf dem Schlusskurs der Stammaktien des Unternehmens am 23. September 2024 von 39,39 $ pro Aktie, wie von NASDAQ berichtet. Die Ank眉ndigung wurde von Simon R. Griffiths, Pr盲sident und CEO von Camden National, gemacht.

Positive
  • Quarterly dividend of $0.42 per share declared
  • Annualized dividend yield of 4.27% based on current stock price
Negative
  • None.

Insights

Camden National 's announcement of a $0.42 quarterly dividend maintains its consistent payout to shareholders. The 4.27% annualized yield is attractive in the current market environment, especially for a regional bank. This yield is above average for the banking sector, potentially indicating strong financial health and commitment to shareholder returns.

However, investors should note that dividend yields can fluctuate with stock price changes. The stable dividend in a challenging interest rate environment suggests management's confidence in the bank's near-term financial outlook. While this news is positive for income-focused investors, it's important to consider the broader financial performance and balance sheet strength of Camden National before making investment decisions based solely on dividend yield.

CAMDEN, Maine, Sept. 24, 2024 /PRNewswire/ -- Simon R. Griffiths, 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 $0.42 per share. This quarterly payout results in an annualized dividend yield of 4.27% based on the September 23, 2024 closing price of the Company's common stock at $39.39 per share as reported by NASDAQ. The dividend is payable on October 31, 2024 to shareholders of record on October 15, 2024.

About Camden National Corporation

Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $5.7 billion in assets. Founded in 1875, Camden National Bank has 57 branches in Maine and New Hampshire, is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Additional information is available at . Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.

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SOURCE Camden National Corporation

FAQ

What is Camden National 's (CAC) quarterly dividend for Q3 2024?

Camden National (CAC) declared a quarterly dividend of $0.42 per share for the third quarter of 2024.

When is the Q3 2024 dividend payable for Camden National (CAC)?

The Q3 2024 dividend for Camden National (CAC) is payable on October 31, 2024, to shareholders of record on October 15, 2024.

What is the annualized dividend yield for Camden National (CAC) based on the September 23, 2024 closing price?

The annualized dividend yield for Camden National (CAC) is 4.27%, based on the September 23, 2024 closing price of $39.39 per share.

What was Camden National 's (CAC) stock price on September 23, 2024?

Camden National 's (CAC) stock price was $39.39 per share at closing on September 23, 2024, as reported by NASDAQ.

Camden National Corporation

NASDAQ:CAC

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704.62M
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75.85%
4.15%
Banks - Regional
National Commercial Banks
United States of America
CAMDEN