Camden National Corporation (NASDAQ:CAC) Declares $0.42 Quarterly Dividend

Camden National Corporation (NASDAQ:CAC) announced a quarterly dividend on Tuesday, September 30th, RTT News reports. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.42 per share by the financial services provider on Friday, October 31st. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, October 15th.

Camden National has a dividend 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 Trading Down 1.1%

Camden National stock opened at $38.17 on Thursday. 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 business’s fifty day simple moving average is $39.42 and its two-hundred day simple moving average is $39.80. Camden National has a 12 month low of $34.53 and a 12 month high of $50.07. The company has a market capitalization of $645.84 million, a price-to-earnings ratio of 12.08 and a beta of 0.64.

Camden National (NASDAQ:CAC) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.23). Camden National had a return on equity of 10.19% and a net margin of 14.77%.The company had revenue of $69.82 million during the quarter, compared to the consensus estimate of $61.04 million. As a group, equities analysts predict that Camden National will post 4.25 earnings per share for the current fiscal year.

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.