Camden National Corporation (NASDAQ:CAC – Get Free Report) declared a quarterly dividend on Tuesday, June 30th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.42 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th.
Camden National has increased its dividend payment by an average of 0.0%annually over the last three years. Camden National has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Camden National to earn $5.83 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 28.8%.
Camden National Stock Up 0.5%
Shares of CAC opened at $54.22 on Wednesday. Camden National has a one year low of $35.00 and a one year high of $54.79. The company has a market cap of $917.40 million, a P/E ratio of 11.54 and a beta of 0.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $50.25 and a two-hundred day simple moving average of $48.13.
Wall Street Analyst Weigh In
CAC has been the topic of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $56.00 target price on shares of Camden National in a research report on Wednesday, April 29th. National Bank Financial set a $50.00 price target on shares of Camden National in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods upped their price objective on shares of Camden National from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Camden National in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.25.
Check Out Our Latest Report on Camden National
Camden National Company Profile
Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.
The company’s offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.
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