Camden National Co. (NASDAQ:CAC – Get Free Report) declared a quarterly dividend on Tuesday, June 25th, Zacks reports. Investors of record on Monday, July 15th will be given a dividend of 0.42 per share by the financial services provider on Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Monday, July 15th.
Camden National has raised its dividend by an average of 8.4% annually over the last three years. Camden National has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Camden National to earn $3.41 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 49.3%.
Camden National Price Performance
CAC stock traded down $0.03 during trading on Thursday, hitting $31.54. 7,930 shares of the company’s stock traded hands, compared to its average volume of 40,308. Camden National has a 52 week low of $26.52 and a 52 week high of $39.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day simple moving average of $31.82 and a 200 day simple moving average of $33.30. The stock has a market capitalization of $460.80 million, a price-to-earnings ratio of 10.54 and a beta of 0.75.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Camden National from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st.
Get Our Latest Analysis on CAC
About Camden National
Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.
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