Camden National's most recent quarterly dividend was on Jan 12, 2023 (ex-date) with a cash dividend payment of $0.42 per share. At an annualized rate of $1.62 per share, the stock yields 3.97%. The latest dividend has increased by $0.02, or 5% from the previous payment.
Camden National's dividend yield of 3.97% is above the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 2.62%, Camden National's dividend yield is 52% higher. The current dividend yield is higher than the historical average of 3.1% of the last 5 years.
Camden National has been paying dividends since 1997. CAC has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 9% for the last year. And since the stock price has gone down by 17% from a year ago, the dividend yield has increased by 32%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 12, 2023 | Jan 31, 2023 | Dec 20, 2022 | $0.42 | normal |
| Oct 13, 2022 | Oct 31, 2022 | Sep 27, 2022 | $0.4 | normal |
| Jul 14, 2022 | Jul 29, 2022 | Jun 28, 2022 | $0.4 | normal |
| Apr 13, 2022 | Apr 29, 2022 | Mar 29, 2022 | $0.4 | normal |
| Jan 13, 2022 | Jan 31, 2022 | Dec 21, 2021 | $0.4 | normal |
| Oct 14, 2021 | Oct 29, 2021 | Sep 28, 2021 | $0.36 | normal |
| Jul 14, 2021 | Jul 30, 2021 | Jun 29, 2021 | $0.36 | normal |
| Apr 14, 2021 | Apr 30, 2021 | Mar 30, 2021 | $0.36 | normal |
| Jan 14, 2021 | Jan 29, 2021 | Dec 22, 2020 | $0.33 | normal |
| Oct 14, 2020 | Oct 30, 2020 | Sep 29, 2020 | $0.33 | normal |
| Jul 14, 2020 | Jul 31, 2020 | Jun 30, 2020 | $0.33 | normal |
| Apr 14, 2020 | Apr 30, 2020 | Mar 31, 2020 | $0.33 | normal |
| Jan 14, 2020 | Jan 31, 2020 | Dec 17, 2019 | $0.33 | normal |
| Oct 11, 2019 | Oct 31, 2019 | Sep 24, 2019 | $0.3 | normal |
| Jul 12, 2019 | Jul 31, 2019 | Jun 25, 2019 | $0.3 | normal |
| Apr 12, 2019 | Apr 30, 2019 | Mar 26, 2019 | $0.3 | normal |
| Jan 14, 2019 | Jan 31, 2019 | Dec 18, 2018 | $0.3 | normal |
| Oct 12, 2018 | Oct 31, 2018 | Sep 25, 2018 | $0.3 | normal |
| Jul 12, 2018 | Jul 31, 2018 | Jun 26, 2018 | $0.3 | normal |
| Apr 12, 2018 | Apr 30, 2018 | Mar 27, 2018 | $0.25 | normal |
| Jan 11, 2018 | Jan 31, 2018 | Dec 19, 2017 | $0.25 | normal |
| Oct 12, 2017 | Oct 31, 2017 | Sep 26, 2017 | $0.23 | normal |
| Jul 13, 2017 | Jul 31, 2017 | Jun 27, 2017 | $0.23 | normal |
| Apr 11, 2017 | Apr 28, 2017 | Mar 28, 2017 | $0.23 | normal |
| Jan 12, 2017 | Jan 31, 2017 | Dec 20, 2016 | $0.23 | normal |
| Oct 13, 2016 | Oct 31, 2016 | Sep 27, 2016 | $0.2 | normal |
| Jul 13, 2016 | Jul 29, 2016 | Jun 28, 2016 | $0.2 | normal |
| Apr 13, 2016 | Apr 29, 2016 | Mar 29, 2016 | $0.2 | normal |
Camden National's payout ratio of 38.2% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 31.2%, Camden National's payout ratio is 22% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WASH Washington Trust Bancorp Inc | 4.92% | $2.18 | 50.2% |
| FNLC First Bancorp Inc | 4.38% | $1.34 | 37.3% |
| CAC Camden National Corp | 3.88% | $1.62 | 38.2% |
| BHB Bar Harbor Bankshares | 3.18% | $1.02 | 37.4% |
| WBS Webster Financial Corp | 2.9% | $1.6 | 47.5% |
| INDB Independent Bank Corp | 2.51% | $2.08 | 53.7% |
| SAL Salisbury Bancorp Inc | 2.15% | $0.64 | 23.1% |
Yes, Camden National has been paying dividends for the last 25 years.
Currently CAC's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in April 2023.
Camden National's last dividend ex-date was on Jan 12, 2023. The dividend amount was $0.42 per share.
CAC's annualized dividend per share is $1.62.
Camden National's current dividend yield is 3.97%.
Camden National pays four dividends per year.
The dividend payout ratio of Camden National is 38.2%.
Camden National's dividend yield is higher than the Financial Services sector average.