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

Camden National Corporation (NASDAQ:CAC) declared a quarterly dividend on Monday, March 30th, NASDAQ Dividends reports. Investors of record on Wednesday, April 15th will be paid a dividend of 0.42 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, April 15th.

Camden National has raised its dividend payment by an average of 0.0%per year over the last three years. Camden National has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Camden National stock traded down $0.48 during mid-day trading on Monday, hitting $50.34. The stock had a trading volume of 2,457 shares, compared to its average volume of 99,623. The firm has a market capitalization of $854.81 million, a P/E ratio of 13.12 and a beta of 0.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $47.89 and its 200 day moving average is $43.76. Camden National has a one year low of $35.00 and a one year high of $51.57.

Camden National (NASDAQ:CAC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.01. Camden National had a net margin of 17.46% and a return on equity of 11.22%. On average, sell-side analysts forecast that Camden National will post 4.25 earnings per share for the current fiscal year.

About Camden National

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.