Camden National Corporation announces third quarter dividend

CAMDEN, Maine - Camden National Corporation (NASDAQ:CAC) announced Tuesday that its board of directors has declared a quarterly dividend of $0.42 per share, according to a company press release. The bank has maintained dividend payments for 29 consecutive years, according to InvestingPro data.

The dividend will be payable on October 31, 2025, to shareholders of record as of October 15, 2025. Based on the company’s closing stock price of $38.72 on September 29, the quarterly payout represents an annualized dividend yield of 4.34%. Analyst price targets range from $40 to $53, suggesting potential upside, while InvestingPro’s Fair Value analysis indicates the stock is currently fairly valued.

Simon Griffiths, President and Chief Executive Officer of Camden National Corporation, made the announcement following the board’s decision.

Camden National Corporation is Northern New England’s largest publicly traded bank holding company with approximately $6.9 billion in assets. The company operates 72 banking centers across Maine and New Hampshire, offering digital banking services alongside traditional banking operations.

Founded in 1875, Camden National Bank provides full-service community banking, while Camden National Wealth Management delivers wealth management, investment, and financial planning services.

In other recent news, Camden National Corporation reported its second-quarter 2025 earnings, missing analysts’ expectations for earnings per share (EPS) but surpassing revenue forecasts. The company posted an EPS of $0.89, which was below the anticipated $1.11, resulting in a 19.82% negative surprise. However, the revenue for the quarter was $62.28 million, slightly exceeding the expected $61.04 million, marking a 2.03% positive surprise. In leadership developments, Camden National announced that Marie J. McCarthy has been appointed as Vice-Chair of its Board of Directors, effective immediately. McCarthy is set to succeed Lawrence J. Sterrs as Chair when he retires on December 31, 2025. She has been an independent board member since 2018, contributing her expertise in various committees. Prior to this role, McCarthy retired as Chief Operations Officer at L.L.Bean, where she had a distinguished 32-year career. These recent developments highlight significant changes in Camden National’s financial performance and leadership structure.

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