Camden National Maintains Dividend

Camden National (NASDAQ: CAC  ) has elected not to change its dividend policy for the moment. The company declared a quarterly payout of $0.27 per share, to be handed out on July 31 to shareholders of record as of July 15. That amount matches the company's previous distribution, which was dispensed at the end of April. Before that, Camden National paid a regular distribution of $0.25 per share in every quarter stretching back to April 2008.

The Maine-based financial-services company has been a reliable dividend payer for many years. Since the beginning of 2004, its disbursement has ranged from $0.20 per share to the present level. It also occasionally hands out special dividends, the most recent of which was a $0.50 payout distributed in December 2011.

The newly declared dividend annualizes to $1.08 per share. That yields slightly over 3% at Camden National's current stock price of $35.67.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2509205, ~/Articles/ArticleHandler.aspx, 4/23/2014 5:39:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement