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 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Monday, July 15th.
Camden National has raised its dividend payment by an average of 8.4% per year over the last three years. Camden National has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance
NASDAQ:CAC traded down $0.03 during midday trading on Thursday, reaching $31.54. The stock had a trading volume of 7,930 shares, compared to its average volume of 40,308. The firm has a fifty day simple moving average of $31.82 and a two-hundred day simple moving average of $33.30. Camden National has a 12-month low of $26.52 and a 12-month high of $39.70. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.09. The stock has a market cap of $460.80 million, a P/E ratio of 10.54 and a beta of 0.75.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Camden National from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st.
View Our Latest Stock Report 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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