Cambridge Bancorp (NASDAQ:CATC – Get Free Report) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Wednesday, May 8th.
Cambridge Bancorp has raised its dividend by an average of 8.1% annually over the last three years and has raised its dividend annually for the last 25 consecutive years. Cambridge Bancorp has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.
Cambridge Bancorp Price Performance
Shares of CATC opened at $66.80 on Tuesday. The company has a market capitalization of $524.38 million, a P/E ratio of 18.40 and a beta of 0.60. Cambridge Bancorp has a one year low of $46.60 and a one year high of $73.68. The business’s 50 day simple moving average is $64.07 and its 200-day simple moving average is $64.12.
Insider Activity
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.
Featured Stories
- Five stocks we like better than Cambridge Bancorp
- Where to Find Earnings Call Transcripts
- Lemonade Squeezes as Breakeven Date Gets Pulled Closer
- Election Stocks: How Elections Affect the Stock Market
- Tech Earnings Insights: Where Opportunity Meets Uncertainty
- What does consumer price index measure?
- 3 CEO-Led Turnaround Stocks You Can Still Buy
Receive News & Ratings for Cambridge Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cambridge Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.